The Relative Strength (RS) Rating for CareTrust REIT entered a new percentile Tuesday, with an increase from 79 to 82.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest runs.
CareTrust REIT is now considered extended and out of buy range after clearing a 29.75 buy point in a first-stage cup with handle. 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.
Earnings growth fell in the most recent quarter from 20% to 19%. But sales moved higher, from 53% to 63%.
The company holds the No. 1 rank among its peers in the Finance-Property REITs industry group. NetSTREIT and Postal Realty Trust Cl A are also among the group's highest-rated stocks.
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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