On Monday, Bank of Montreal earned an upgrade to its Relative Strength (RS) Rating, from 70 to 76.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if Bank of Montreal can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
While earnings growth dropped in the company's most recent quarterly report from -10% to -35%, revenue rose 8%, up from 2% in the prior report.
The company earns the No. 19 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Goldman Sachs and Morgan Stanley are among the top 5 highly rated stocks within the group.
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