Sun Communities had its Relative Strength (RS) Rating upgraded from 63 to 71 Thursday — a welcome improvement, but still below the 80 or better score you prefer to see.
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Sun Communities can continue to show renewed price strength and clear that threshold.
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Sun Communities is trying to complete a consolidation with a 147.83 entry. See if it can clear the breakout price in heavy trading.
Earnings grew 5% last quarter, up from -9% in the prior report. Revenue also increased, from -4% to 3%. The company is expected to report its latest performance numbers on or around Apr. 23.
Sun Communities holds the No. 81 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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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