One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Realty Income cleared that benchmark Monday, with a jump from 76 to 81 Monday.
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Realty Income is trying to complete a consolidation with a 64.88 buy point. See if it can break out in heavy trade.
While revenue growth fell last quarter from 28% to 25%, earnings-per-share grew 4%, up from 3% in the previous report. The next quarterly results are expected on or around May 5.
The company holds the No. 46 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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.
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