The Relative Strength (RS) Rating for Despegar.com stock moved up into a higher percentile Monday, as it got a lift from 67 to 78.
IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Despegar.com stock can continue to show renewed price strength and hit that benchmark.
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Is Despegar.com Stock A Buy?
Despegar.com stock recently reclaimed its 200-day moving average and is approaching its 50-day line. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The travel booking company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 71% to 350%. Revenue rose from 9% to 12%.
Despegar.com stock holds the No. 6 rank among its peers in the Leisure-Travel Booking industry group. Travelzoo, MakeMyTrip and Expedia Group are among the top 5 highly rated stocks within the group.
