TJX Cos stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating identifies price movement 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.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if TJX Cos stock can continue to show renewed price strength and clear that threshold.
Is TJX Cos Stock A Buy?
TJX Cos stock is still within a buy range after climbing above a 135.85 entry in a cup without handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
The off-price retailer saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -1% to 15%. Revenue rose from 5% to 7%.
TJX Cos. stock holds the No. 4 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn Holdings 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.
