In a welcome move, Airbnb Inc saw its Relative Strength Rating improve from 66 to 72 at Friday morning market opening.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Airbnb Inc Cl A can continue to show renewed price strength and clear that threshold.
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While the stock is not near a proper buy point right now, see if it is able to form and break out of a proper consolidation. Down today, but holding at key moving average. A great discussion on Airbnb stock by guest panelist George Tkaczuk can be heard on this morning's IBD Live.
Earnings News
Earnings growth rose last quarter from 0% to 609%. But sales fell from 70% to 58%. Read more on Airbnb earnings from David Saito-Chung.
The company holds the No. 5 rank among its peers in the Leisure-Travel Booking industry group. Booking and TripAdvisor are also among the group's highest-rated stocks.
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