The Relative Strength (RS) Rating for UDR climbed into a new percentile Tuesday, with a rise from 78 to 81.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
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UDR is working on a double bottom with a 46.62 entry. See if the stock can clear the breakout price in heavy trading.
The company reported 0% EPS growth in the latest quarterly report. Revenue increased 2%.
The company holds the No. 86 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Essex Property Trust and Omega Hlthcare Investors 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.
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