Bank of Montreal had its Relative Strength (RS) Rating upgraded from 69 to 72 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Bank of Montreal can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Bank of Montreal is working on a double bottom with a 101.55 entry. See if the stock can break out in heavy trade.
Earnings growth fell last quarter from -10% to -35%. But revenue moved higher, from 2% to 8%. The company is expected to report its latest results on or around Feb. 25.
The company holds the No. 22 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Banco Bilbao Vizcaya ADR and Bk of NY Mellon are among the top 5 highly rated stocks within the group.
RELATED:
Banks And Financial Stocks: Latest News And Analysis
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
