One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Welltower just hit that mark, with a jump from 80 to 84 Wednesday.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
Welltower is now considered extended and out of buy range after clearing a 158.55 buy point in a second-stage consolidation. 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.
In terms of top and bottom line numbers, Welltower has posted two quarters of increasing earnings growth. Sales growth has also moved higher over the same time frame.
The company earns the No. 4 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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