In a welcome move, Omega Hlthcare Investors saw its Relative Strength Rating rise from 68 to 72 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Omega Hlthcare Investors can continue to rebound and clear that threshold.
Omega Hlthcare Investors has climbed more than 5% past a 34.28 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth increased last quarter from 9% to 10%, but sales fell from 17% to 14%.
Omega Hlthcare Investors holds the No. 8 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and Sabra Healthcare REIT 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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