CareTrust REIT saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 80 to 84.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
CareTrust REIT is trying to complete a consolidation with a 33.15 entry. See if it can break out in volume at least 40% above average.
Regarding top and bottom line numbers, CareTrust REIT has posted five quarters of rising earnings growth. Revenue growth has also moved higher during the same period. CareTrust REIT is expected to release its next quarterly numbers on or around May 1.
The company earns the No. 1 rank among its peers in the Finance-Property REITs industry group. Welltower and Ventas 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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