Realty Income stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 75 to 82.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Is Realty Income Stock A Buy?
Realty Income stock is building a consolidation with a 64.88 buy point. See if the REIT stock can clear the breakout price in volume at least 40% above average. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
Earnings growth rose last quarter from 3% to 4%, but revenue fell from 28% to 25%. The next quarterly numbers are expected on or around Apr. 30.
Realty Income stock earns the No. 53 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties and Omega Hlthcare Investors are among the top 5 highly rated stocks within the group.
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