On Friday, Omega Hlthcare Investors earned an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 as they begin their largest price moves. See if Omega Hlthcare Investors can continue to show renewed price strength and hit that benchmark.
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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 next quarterly numbers are expected on or around Jan. 30.
Omega Hlthcare Investors holds the No. 14 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Equinix and American Healthcare REIT are among the top 5 highly rated stocks within the group.
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