In a welcome move, Omega Hlthcare Investors saw its Relative Strength Rating improve from 61 to 72 on Tuesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Omega Hlthcare Investors can continue to show renewed price strength and clear that threshold.
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Omega Hlthcare Investors is now considered extended and out of buy range after clearing a 34.28 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 4% last quarter, up from -4% in the prior report. Revenue also increased, from 1% to 14%. The company is expected to report its latest performance numbers on or around Feb. 5.
The company earns the No. 9 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Curbline Properties and Prologis are among the top 5 highly rated stocks within the group.
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