Vornado Realty Trust had its Relative Strength (RS) Rating upgraded from 62 to 71 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
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IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to 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 80 or higher RS Rating as they begin their biggest price moves. See if Vornado Realty Trust can continue to rebound and clear that threshold.
Vornado Realty Trust has climbed 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 offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of revenue and profits, Vornado Realty Trust has posted two quarters of rising earnings growth. Revenue growth has also increased during the same period.
The company holds the No. 14 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Postal Realty Trust Cl A and Welltower 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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