CareTrust REIT had its Relative Strength (RS) Rating upgraded from 68 to 73 Friday — a welcome improvement, but still shy of the 80 or better score you look for.
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This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if CareTrust REIT can continue to rebound and hit that benchmark.
CareTrust REIT has climbed more than 5% past a 29.75 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While EPS growth fell in the company's most recent performance report from 20% to 19%, the top line rose 63%, up from 53% in the prior report. Keep an eye out for the company's next round of numbers on or around Nov. 6.
The company holds the No. 1 rank among its peers in the Finance-Property REITs industry group. Rexford Indl Realty 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.
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