On Thursday, Independence Realty Trust received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of 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 RS Rating of above 80 as they launch their largest runs. See if Independence Realty Trust can continue to show renewed price strength and hit that benchmark.
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Independence Realty Trust is trying to complete a consolidation with a 22.26 entry. See if the stock can break out in volume at least 40% above average.
Independence Realty Trust posted 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. 63 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Essex Property Trust and Welltower are among the top 5 highly rated stocks within the group.
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