One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Omega Hlthcare Investors cleared that benchmark Monday, with a jump from 79 to 82 Monday.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.
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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 line.
Omega Hlthcare Investors saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to 4%. Revenue rose from 1% to 14%.
Omega Hlthcare Investors earns the No. 11 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essential Prop Realty Tr and Tanger are among the top 5 highly rated stocks within the group.
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