Airbnb hit an important technical milestone Tuesday, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 74 the day before. Airbnb stock is building a consolidation with a 144.73 entry. See if it can clear the breakout price in volume at least 40% above average.
Airbnb will report earning after the close today.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Airbnb Stock Tries To Build On Last Quarter's Earnings Gain
Airbnb stock reported a 500% earnings gain for Q4, up from 47%. Top line growth came in at 24%, down from 29% in the prior quarter.
Airbnb stock recently took over as the No. 1 ranked company among its peers in the Leisure-Travel Booking industry group. Booking Holdings is now ranked No. 2
