Vornado Realty Trust had its Relative Strength (RS) Rating upgraded from 80 to 83 Friday.
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IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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 line.
Taking a look at top and bottom line numbers, the company has posted two quarters of increasing earnings growth. Sales growth has also increased during the same period.
The company holds the No. 9 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and Sabra Healthcare REIT 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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