Chart of the Day: Can’t Be Too Disappointed With Welltower
The stock remains in an uptrend that is not likely to end anytime soon.
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Get away from technology names and we can find some very nice winners exhibiting wonderful strength. Take Welltower (WELL), a company that keeps chugging along, posting strong earnings, revenue and guidance. The stock is within a whisker of all-time highs hit back in July and has exhibited some beautiful relative strength of late.
The indicators are bullish and support a further rise in Welltower. MACD is solidly on a buy signal while money flow has been growing, having just turned bullish.
Momentum is very strong with stochastics (pane 5) right up near overbought. Impressive, though, is turnover; the volume prints have been bullish after a modest washout in late October.
Big money managers rushed in to add the shares in the low $200s and now they have a profit, but I suspect looking for more upside. This stock could be up to $300 by 2027.
We like Welltower in TheStreet Pro Portfolio and rate it a One, or “buy at anytime.”
More Pro Portfolio:
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At the time of publication, TheStreet Pro Portfolio was long WELL.
