Avalonbay Communities had its Relative Strength (RS) Rating upgraded from 68 to 74 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs. See if Avalonbay Communities can continue to rebound and hit that benchmark.
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Avalonbay Communities is building a flat base with a 239.29 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Avalonbay Communities posted 2% earnings growth in the latest quarterly report, while sales growth came in at 5%. The company is expected to report its latest performance numbers on or around Apr. 23.
Avalonbay Communities holds the No. 29 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essex Property Trust and Curbline Properties are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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