On Monday, Expedia Group cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 85 the day before.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating at the beginning of a new price run.
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Expedia Group is now considered extended and out of buy range after clearing a 192.34 buy point in a second-stage flat base. 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 company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 13% to 39%. Revenue rose from 3% to 10%.
Expedia Group holds the No. 1 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip and Travelzoo are also among the group's highest-rated stocks.
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