Markets

Stocks With Rising Relative Strength: Toronto Dominion Bank

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Toronto Dominion Bank ( TD ) had its Relative Strength ( RS ) Rating upgraded from 68 to 71 Thursday -- a welcome improvement, but still short of the 80 or higher score you prefer to see.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves. See if Toronto Dominion Bank can continue to show renewed price strength and hit that benchmark.

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While it's not currently an ideal time to jump in, see if the stock goes on to offer and clear an appropriate buy point.

Toronto Dominion Bank showed 11% EPS growth in its most recent report. Sales rose 12%. Look for the next report on or around Mar. 2.

Toronto Dominion Bank holds the No. 3 rank among its peers in the Banks-Money Centers industry group. Bank Of America ( BAC ) is the No. 1-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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