One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Booking Holdings now clears that threshold, with a jump from 80 to 88 Thursday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all 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 as they begin their biggest price moves.
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Booking Holdings is trying to complete a consolidation with a 5,337.24 buy point. See if it can clear the breakout price in heavy volume.
In terms of revenue and profits, Booking Holdings has posted two quarters of increasing earnings growth. Revenue gains have also moved higher during the same period. The company is expected to release its next quarterly numbers on or around Apr. 29.
The company earns the No. 1 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip and Expedia Group are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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