Expedia Group saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 78 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest price moves.
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Expedia Group broke out earlier, but is now approximately 4% below the prior 114.37 entry from a cup with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape.
EXPE Earnings
Earnings growth moved up in the company's latest report from 0% to 47%, but sales fell from 18% to 6%. The stock fell rather hard on the recent earnings release, although it has continued to fight back since then.
The company holds the No. 5 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip and Trip.com Group ADR are also among the group's highest-rated stocks.
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