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Bank Of Montreal Quebec Getting Closer To Key Technical Benchmark

On Wednesday, Bank Of Montreal Quebec (BMO) received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

History shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Bank Of Montreal Quebec can continue to show renewed price strength and hit that benchmark.

Bank Of Montreal Quebec is now considered extended and out of buy range after clearing a 63.04 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of top and bottom line numbers, Bank Of Montreal Quebec has posted rising EPS growth in each of the last two reports. Revenue growth has been less impressive, coming in at -19% in the most recent report.

The company holds the No. 6 rank among its peers in the Banks-Money Centers industry group. Morgan Stanley (MS), UBS (UBS) and Goldman Sachs (GS) are among the top 5 highly rated stocks within the group.