When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. CareTrust REIT just met that criteria with a new score of 83.
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IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
CareTrust REIT is trying to complete a cup without handle with a 33.15 buy point. See if the stock can break out in volume at least 40% above average.
Taking a look at revenue and profit performance, the company has posted six quarters of accelerating earnings growth. Revenue growth has also moved higher during the same period.
The company holds the No. 1 rank among its peers in the Finance-Property REITs industry group. Welltower and Invitation Homes 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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