One important metric to look for in a stock is an 80 or higher Relative Strength Rating. LTC Properties now clears that threshold, with a jump from 80 to 83 Monday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest climbs.
Hone Your Stock-Picking Skills By Focusing On These Factors
LTC Properties is building a consolidation with a 39.89 entry. See if it can break out in heavy volume.
The company showed -2% EPS growth in its most recent report. Revenue gains came in at 5%. The company is expected to report its latest performance numbers on or around Apr. 24.
The company earns the No. 32 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties and Legacy Housing are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
