In a welcome move, Avalonbay Communities saw its Relative Strength Rating rise from 67 to 72 on Friday.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 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 above 80 as they begin their largest climbs. See if Avalonbay Communities can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
While Avalonbay Communities is not near an ideal buying range right now, see if it goes on to form and break out of a proper chart pattern.
The company showed 3% EPS growth in its most recent report, while sales growth came in at 5%.
The company holds the No. 24 rank among its peers in the Finance-Property REITs industry group. Equinix, Tanger and Strawberry Fields REIT are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
