One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Omega Hlthcare Investors now clears that threshold, with a jump from 79 to 85 Friday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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Omega Hlthcare Investors is working on a consolidation with a 44.41 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Revenue growth has also risen over the same time frame. The company is expected to report its next quarterly numbers on or around May 1.
Omega Hlthcare Investors earns the No. 3 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT is the No. 1-ranked stock 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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