On Thursday, Independence Realty Trust hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 83, up from 75 the day before.
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.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs.
Risk Management In The Stock Market: How Much Money To Invest Now
Independence Realty Trust is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new climb.
Earnings grew 7% last quarter, up from -3% in the prior report. Revenue also increased, from -5% to -4%. Look for the next report on or around Apr. 30.
The company holds the No. 30 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
