National Health Investors saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 79 to 83.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 as they begin their biggest price moves.
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National Health Investors is trying to complete a cup without handle with an 86.13 entry. See if the stock can break out in heavy volume.
The company showed -5% EPS growth in the latest quarterly report, while sales growth came in at 4%.
The company earns the No. 43 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Assets Trust and COPT Defense Properties are among the top 5 highly rated stocks within the group.
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