On Tuesday, TJX Cos cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 75 the day before.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
TJX Cos is forming a double bottom with a 127.58 entry. See if it can clear the breakout price in heavy volume.
The stock's relative strength line is in new high territory, a promising indicator ahead of a potential breakout.
The company reported 10% earnings growth in the latest quarterly report, while sales growth came in at 0%.
The company earns the No. 2 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
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!
