The Relative Strength (RS) Rating for Independence Realty Trust moved into a higher percentile Friday, as it got a lift from 69 to 72.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest climbs. See if Independence Realty Trust can continue to rebound and clear that threshold.
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While the stock is not near a proper buying range right now, see if it goes on to form and break out of a proper chart pattern.
The company reported negative growth for both sales and earnings last quarter. Independence Realty Trust is expected to release its next quarterly numbers on or around Feb. 12.
Independence Realty Trust earns the No. 73 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, American Healthcare REIT and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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