Summary
The Momentum Growth Quotient for the company is 11.30, which is 21.14% higher than the average for the S&P 100.
Shares present a forward rate of return of 10.56% at the current price.
ChartMasterPro upward target price of $51.00.
Looking for more? I update all of my investing ideas and strategies to members of The Options Trader. Start your free trial today »
Shares of TJX Companies Inc. (TJX) are down 17.70% since peaking on October 16, 2018, and in my opinion, the shares of this off-price apparel and home fashions retailer are a strong buy at current price levels. The company has a solid history of generating impressive earnings growth, and the future growth ratios point to continued growth over the next twelve months. I lay out my bullish argument for the company below by reviewing some pertinent fundamental and technical aspects of the stock.
Momentum Growth Quotient
My Momentum Growth Quotient (MGQ) plays a critical part when it comes to determining if I am going to go long or short a stock. Generally, I only want to go long a stock with an MGQ higher than that of the S&P 100, and I want to go short a stock with an MGQ lower than that of the index (for a more detailed explanation of how I calculate the MGQ, please see my blog post).
