LTC Properties had its Relative Strength (RS) Rating upgraded from 65 to 72 Monday — a welcome improvement, but still short of the 80 or better score you look for.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
History reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if LTC Properties can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
LTC Properties is trying to complete a consolidation with a 39.89 entry. See if the stock can clear the breakout price in heavy trading.
The company reported -2% EPS growth last quarter. Sales gains came in at 5%. The company is expected to report its latest performance numbers on or around Apr. 24.
The company holds the No. 47 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essex Property Trust and Curbline Properties 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.
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!
