In a welcome move, LTC Properties saw its Relative Strength Rating rise from 68 to 72 on Tuesday.
IBD's unique RS 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.
History shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if LTC Properties can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
LTC Properties broke out earlier, but has fallen back below the prior 38.28 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Top and bottom line growth moved higher last quarter. Earnings were up 5%, compared to -2% in the prior report. Revenue increased from 4% to 13%.
The company holds the No. 14 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, COPT Defense Properties and Equinix are among the top 5 highly rated stocks within the group.
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