On Monday, CareTrust REIT got an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if CareTrust REIT can continue to rebound and clear that threshold.
CareTrust REIT is building a cup without handle with a 33.15 entry. See if the stock can break out in volume at least 40% higher than normal.
Regarding fundamentals, the company has posted rising EPS growth over the last six quarters. Top line growth has also risen during the same period.
CareTrust REIT holds the No. 1 rank among its peers in the Finance-Property REITs industry group. Postal Realty Trust Cl A and Welltower 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
