CARETRUST REIT INC (NYSE:CTRE) – A High Growth Momentum Stock with Strong Technical Setup

CARETRUST REIT INC (NYSE:CTRE) stands out as a compelling candidate for high growth momentum investors, combining strong earnings momentum with a favorable technical breakout pattern. The stock meets key criteria with a High Growth Momentum Rating of 7, a Technical Rating of 10, and a Setup Rating of 8, suggesting both fundamental strength and a well-defined entry opportunity.

Growth Momentum Highlights

• Exceptional EPS Growth: CTRE reported a 100% year-over-year EPS growth (TTM), with recent quarterly growth rates reaching 90.9% (Q2Q) and 800% in the prior quarter.
• Revenue Expansion: Sales growth remains strong, with an 80.6% increase in the latest quarter and a 43.3% rise over the past year.
• Profit Margin Expansion: Quarterly profit margins improved from 15.5% to 67.9% over the past year, reflecting operational efficiency.
• Analyst Revisions: Upward revisions in next-year EPS and revenue estimates (8.93% over three months) signal confidence in continued growth.

Technical Strength & Setup

• Perfect Technical Rating (10/10): CTRE displays a strong uptrend across short and long-term timeframes, outperforming 88% of the market.
• Consolidation & Breakout Potential: The Setup Rating of 8 indicates a tightening price range, with support near $28.65-$29.13 and resistance at $29.39. A breakout above $29.40 could signal further upside.
• Relative Strength: The stock ranks in the top 12% of its industry (Diversified REITs), with consistent performance over the past three months (+10.75%).

For a deeper technical analysis, review the full technical report for CTRE.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations are based on data at the time of writing, and market conditions can change. Always conduct your own research before making investment decisions.