When building your watch list, look for stocks with an 80 or higher RS Rating. Toronto-Dominion Bank is one stock that just reached the mark, now earning a score of 82.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating as they begin their biggest runs.
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Toronto-Dominion Bank broke out earlier, but is now trading around 5% below the prior 60.85 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth moved up in the company's latest report from -5% to 1%, but revenue fell from 18% to 2%.
The company earns the No. 16 rank among its peers in the Banks-Money Centers industry group. Banco Bilbao Vizcaya ADR, Barclays ADR and NatWest Group 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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