In a welcome move, Healthpeak Properties saw its Relative Strength Rating improve from 64 to 72 on Wednesday.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they begin their largest price moves. See if Healthpeak Properties can continue to rebound and clear that threshold.
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Healthpeak Properties is now considered extended and out of buy range after clearing a 20.30 buy point in a first-stage flat base. 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.
The company showed 0% earnings growth in its most recent report. Sales gains came in at 26%.
The company holds the No. 20 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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