TJX Cos had its Relative Strength (RS) Rating upgraded from 80 to 83 Friday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of over 80 as they launch their biggest price moves.
Risk Management In The Stock Market: How Much Money To Invest Now
TJX Cos is trying to complete a flat base with a 128.00 entry. See if it can clear the breakout price in heavy volume.
TJX Cos reported 11% earnings growth last quarter, while sales growth came in at 6%.
TJX Cos holds the No. 5 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch is the No. 1-ranked stock within the group.
RELATED:
IBD Stock Rating Upgrades: 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!
