CareTrust REIT: Great Earnings, Strong Uptrend, Fat Dividend
CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company's segment consists of investments in healthcare-related real estate assets. The Company's real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).
On 8/8/2016, CTRE reported 2 quarter 2016 non-GAAP earnings of $0.13 per share. This result was in-line with the consensus of the 3 analysts following the company and beat last year's 2 quarter results by 85.71%. The next earnings announcement is expected on 11/03/2016.
The dividend yield is 4.63%.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but consolidating. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, at about $14.50. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising. This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
This is a stock in a strong up-trend. I plan to buy this stock after the consolidation is completed. This will be when the RSI / Stochastic (top indicator) bottoms out (in conjunction with previous “structure on the chart to the left”). Always look left – structure leaves clues for harmonic patterns.
One clue is the entry point will be at the lower line on the trading trend channel.
Good luck to you. Don.
On 8/8/2016, CTRE reported 2 quarter 2016 non-GAAP earnings of $0.13 per share. This result was in-line with the consensus of the 3 analysts following the company and beat last year's 2 quarter results by 85.71%. The next earnings announcement is expected on 11/03/2016.
The dividend yield is 4.63%.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but consolidating. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, at about $14.50. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising. This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
This is a stock in a strong up-trend. I plan to buy this stock after the consolidation is completed. This will be when the RSI / Stochastic (top indicator) bottoms out (in conjunction with previous “structure on the chart to the left”). Always look left – structure leaves clues for harmonic patterns.
One clue is the entry point will be at the lower line on the trading trend channel.
Good luck to you. Don.
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