Toronto-Dominion Bank had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves.
Toronto-Dominion Bank has climbed more than 5% past a 60.85 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased in the company's latest report from -3% to 7%, but sales fell from 66% to 8%.
Toronto-Dominion Bank holds the No. 16 rank among its peers in the Banks-Money Centers industry group. Barclays ADR, Royal Bank of Canada and Banco Bilbao Vizcaya ADR are among the top 5 highly rated stocks 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.
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