On Monday, Vornado Realty Trust hit a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 75 the day before.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Vornado Realty Trust is trying to complete a consolidation with a 32.21 buy point. See if the stock can clear the breakout price in heavy trading.
Regarding top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Sales gains have not followed the same trajectory, coming in at -2% in the latest report.
The company earns the No. 82 rank among its peers in the Finance-Property REITs industry group. Essential Prop Realty Tr, Alexander's and Camden Property Trust are among the top 5 highly rated stocks within the group.
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