One important metric to look for in a stock is an 80 or higher Relative Strength Rating. TJX Cos cleared that benchmark Friday, with a jump from 78 to 81 Friday.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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TJX Cos is building a flat base with a 128.00 buy point. See if the stock can break out in heavy volume.
The company posted 11% earnings growth last quarter, while sales growth came in at 6%.
The company earns the No. 4 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Burlington Stores is the No. 1-ranked stock within the group.
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