Welltower had its Relative Strength (RS) Rating upgraded from 78 to 83 Tuesday.
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IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
Welltower is working on a consolidation with a 158.55 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 19% last quarter, up from 18% in the prior report. Revenue also increased, from 29% to 30%. The next quarterly results are expected on or around Aug. 4.
Welltower holds the No. 2 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT is the top-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.
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