NetSTREIT had its Relative Strength (RS) Rating upgraded from 76 to 81 Monday.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest climbs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
NetSTREIT posted 3% EPS growth last quarter, while sales growth came in at 20%. The company is expected to report its latest numbers on or around Apr. 28.
NetSTREIT holds the No. 64 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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.
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