When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. UDR is one stock that just reached the mark, now earning a score of 84.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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UDR is trying to complete a consolidation with a 47.55 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company reported 0% earnings growth last quarter. Sales gains came in at 2%. The company is expected to report its latest performance numbers on or around Apr. 29.
UDR holds the No. 83 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essex Property Trust and Curbline Properties 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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