Vornado Realty Trust saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 61 to 73.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Vornado Realty Trust can continue to show renewed price strength and clear that threshold.
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Vornado Realty Trust has moved more than 5% past a 30.02 entry in a second-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher last quarter. Earnings were up -3%, compared to -21% in the prior report. Revenue increased from -2% to 4%. The company is expected to report its latest performance numbers on or around May 5.
Vornado Realty Trust holds the No. 96 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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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