On Monday, Avalonbay Communities earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
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Avalonbay Communities is working on a flat base with a 236.26 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The company posted 3% EPS growth in the latest quarterly report, while sales growth came in at 5%.
The company holds the No. 21 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essential Prop Realty Tr and Tanger are among the top 5 highly rated stocks within the group.
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