Omega Hlthcare Investors saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 70 to 75.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Omega Hlthcare Investors can continue to rebound and clear that threshold.
Omega Hlthcare Investors is trying to complete a saucer without handle with a 44.41 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted 8% EPS growth in the latest quarterly report, while sales growth came in at 12%.
Omega Hlthcare Investors holds the No. 8 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Postal Realty Trust Cl A and Welltower 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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