Independence Realty Trust had its Relative Strength (RS) Rating upgraded from 79 to 83 Tuesday.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
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Independence Realty Trust is working on a cup with handle with a 20.94 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 7% last quarter, up from -3% in the prior report. Revenue also increased, from -5% to -4%.
Independence Realty Trust earns the No. 29 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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