On Friday, Bank of Montreal received an upgrade to its Relative Strength (RS) Rating, from 67 to 71.
This unique rating measures 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.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Bank of Montreal can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point.
While earnings-per-share growth declined in the company's most recently reported quarter from -10% to -35%, the top line grew 8%, up from 2% in the previous report.
Bank of Montreal earns the No. 18 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Mitsubishi UFJ Finl ADR and Barclays ADR are among the top 5 highly rated stocks within the group.
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