The Chart of the Day belongs to National Health Investors (NHI). I found the REIT by sorting the All Time New High list for the stocks having the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/16 the stock gained 20.60%.
National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 11.69% in the last month
- Relative Strength Index 78.13%
- Barchart computes a technical support level at 70.89
- Recently traded at 73.54 with a 50 day moving average of 67.29
Fundamental factors:
- Market Cap $2.43 billion
- P/E 17.71
- Dividend yield 4.30%
- Revenue expected to grow 47.00% this year and another 22.60% next year
- Earnings estimated to increase 17.70% this year, an additional 11.00% next year and continue to increase at an annual rate of 6.30% for the next 5 years
- Wall Street analysts issued 1 string buy, 1 buy and 5 hold recommendations on this stock
I'd hold this stock as long as it has a positive total rate of return.
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