In a welcome move, Vornado Realty Trust saw its Relative Strength Rating rise from 67 to 71 on Monday.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners 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 hit that benchmark.
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Vornado Realty Trust is now considered extended and out of buy range after clearing a 30.02 buy point in a second-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -21% to -3%. Revenue rose from -2% to 4%. The next quarterly numbers are expected on or around May 5.
The company earns the No. 110 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties and Legacy Housing 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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