The Relative Strength (RS) Rating for TJX stock entered a new percentile Wednesday, with a rise from 78 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Is TJX Stock A Buy?
TJX stock is trying to complete a consolidation with a 77.45 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The off-price retailer reported negative growth for both sales and earnings last quarter.
TJX stock holds the No. 5 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Designer Brands and Lululemon Athletica are also among the group's highest-rated stocks.
