Independence Realty Trust had its Relative Strength (RS) Rating upgraded from 69 to 72 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if Independence Realty Trust can continue to rebound and hit that benchmark.
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Independence Realty Trust is not currently near a potential buy zone. See if the stock goes on to form a base that could kick off a new price move.
The company reported negative growth for both sales and earnings last quarter.
Independence Realty Trust holds the No. 68 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Equinix and American Healthcare REIT are among the top 5 highly rated stocks within the group.
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