Bank of Montreal stock trades under the same symbol, BMO on both New York and the Toronto Stock Exchange. I only trade it in Toronto to keep the trade in Canadian dollars and because the options are priced in smaller increments making it far easier to trade and to rescue or repair trades. Bank of Montreal stock is one of those company that I feel I can probably trade at just about any price. The stocks is in a very strong uptrend and has been for sometime. Many investors believe it has been in an uptrend since the collapse of stocks in the bear market of 2008 to 2009. It certainly is a favorite stock and one I have enjoyed double-digit annual returns for decades in. It is also the type of stock that lets me sleep well at nights.
Today’s trade follows the strategy discussed in yesterday’s TSX market direction outlook where I discussed CP Rail Stock and Bank of Montreal Stock.
Bank Of Montreal Trade Alert and Strategy
I have done 3 trades today in Bank of Montreal Stock as I set up the stock as outlined last night. This trade alert and strategy discussion is a bit longer than usual but again it is important to provide a firm understanding of why I am continuing to apply more capital to BMO Stock.
FullyInformed Canada Members can read this Bank of Montreal Stock (BMO) trade alert and strategy outline directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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