Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Bank towers jut into the sky at the corner of Bay and Adelaide streets in Toronto. (Gloria Nieto/The Globe and Mail)
Bank towers jut into the sky at the corner of Bay and Adelaide streets in Toronto. (Gloria Nieto/The Globe and Mail)

Research Report

What the charts are saying about Canada's Big Six bank stocks Add to ...

Globe editors have posted this research report with permission of Phases & Cycles Inc. This should not be construed as an endorsement of the report’s recommendations. For more on The Globe’s disclaimers please read here. The following is excerpted from the report:

On Bank of Montreal:

BMO traded in a horizontal trading range between $55 and $65 for more than three years. The stock pierced above the top of this range last July to start a new up-leg. No top formation is visible at present. A minor correction may occur but only a sustained decline below its 40-week Moving Average would be negative.

More Related to this Story

Look for a pullback toward the 40wMA (a 12-per-cent short-term depreciation risk) before the resumption of the long-term up-trend.

Read the full report here.

Read other research reports here.

 

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular