The Relative Strength (RS) Rating for Omega Hlthcare Investors moved up into a new percentile Friday, as it got a lift from 69 to 72.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Omega Hlthcare Investors can continue to show renewed price strength and hit that benchmark.
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Omega Hlthcare Investors has moved more than 5% past a 34.28 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 4% last quarter, up from -4% in the prior report. Revenue also increased, from 1% to 14%. Look for the next report on or around Feb. 5.
Omega Hlthcare Investors holds the No. 10 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, American Healthcare REIT and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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