Bank of Montreal had its Relative Strength (RS) Rating upgraded from 70 to 74 Tuesday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically 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.
When To Sell Stocks To Lock In Profits And Minimize Losses
Bank of Montreal is working on a cup without handle with a 104.63 entry. See if it can break out in heavy trade.
While earnings-per-share growth declined in the company's most recently reported quarter from -10% to -35%, revenue grew 8%, up from 2% in the previous report. The company is expected to report its latest numbers on or around Feb. 25.
Bank of Montreal earns 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
Which Stocks Are Showing Rising Relative Strength?
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!
