Ventas had its Relative Strength (RS) Rating upgraded from 88 to 91 Tuesday.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the best-performing stocks tend to have an 80 or higher RS Rating at the beginning of a new climb.
Here Are 3 Keys For Successful Stock Investing
While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper consolidation.
The company posted 7% earnings growth in the latest quarterly report, while sales growth came in at 11%.
The company earns the No. 1 rank among its peers in the Finance-Property REITs industry group. Essex Property Trust and Ventas are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!