The Relative Strength (RS) Rating for Omega Hlthcare Investors climbed into a new percentile Thursday, with a rise from 80 to 84.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves.
Omega Hlthcare Investors is building a consolidation with a 44.41 buy point. See if the stock can break out in volume at least 40% higher than normal.
Regarding fundamentals, the company has posted two quarters of rising earnings growth. Revenue growth has also moved higher during the same period. The company is expected to release its next quarterly numbers on or around May 1.
Omega Hlthcare Investors holds the No. 5 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT is the No. 1-ranked stock 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:
Stocks With Rising Relative Strength Ratings
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!
