CareTrust REIT saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 70 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest climbs. See if CareTrust REIT can continue to show renewed price strength and hit that benchmark.
CareTrust REIT has moved more than 5% past a 29.75 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 chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last six reports. Revenue gains have also increased during the same period. CareTrust REIT is expected to release its next quarterly numbers on or around Aug. 6.
CareTrust REIT holds the No. 1 rank among its peers in the Finance-Property REITs industry group. NetSTREIT and Welltower are also among the group's highest-rated stocks.
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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