CareTrust REIT saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 80 to 83.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their biggest runs.
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The IBD 50 stock is working on a consolidation with a 33.15 buy point. See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted five quarters of rising earnings growth. Sales growth has also risen during the same period.
The company holds the No. 1 rank among its peers in the Finance-Property REITs industry group. Essex Property Trust and Curbline Properties are also among the group's highest-rated stocks.
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.
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