On Tuesday, Mid-Amer Apt Communities got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Mid-Amer Apt Communities can continue to rebound and hit that benchmark.
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Mid-Amer Apt Communities is building a flat base with a 166.12 buy point. See if the stock can break out in volume at least 40% above average.
Mid-Amer Apt Communities showed -3% earnings growth in its most recent report. Sales increased 2%. Keep an eye out for the company's next round of numbers on or around Jan. 29.
Mid-Amer Apt Communities holds the No. 34 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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