The Relative Strength (RS) Rating for CareTrust REIT entered a new percentile Friday, with a rise from 78 to 83.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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CareTrust REIT broke out earlier, but has fallen back below the prior 31.51 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 pattern to form. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
In terms of top and bottom line numbers, the company has posted four quarters of increasing earnings growth. Sales growth has also increased during the same period.
The company holds the No. 1 rank among its peers in the Finance-Property REITs industry group. American Assets Trust and COPT Defense Properties are also among the group's highest-rated stocks.
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