Sun Communities saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 75 to 83.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
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Sun Communities is working on a consolidation with a 147.83 buy point. See if it can clear the breakout price in heavy volume.
Earnings grew 5% last quarter, up from -9% in the prior report. Revenue also increased, from -4% to 3%. The company is expected to report its latest numbers on or around Apr. 23.
Sun Communities holds the No. 71 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties 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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