On Tuesday, Avalonbay Communities got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 73.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs. See if Avalonbay Communities can continue to rebound and clear that threshold.
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Avalonbay Communities is working on a flat base with a 239.29 entry. See if the stock can clear the breakout price in heavy trade.
Avalonbay Communities reported 2% EPS growth in the latest quarterly report. Revenue gains came in at 5%.
The company earns the No. 19 rank among its peers in the Finance-Property REITs industry group. Curbline Properties, Essex Property Trust and Ventas are among the top 5 highly rated stocks within the group.
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