On Wednesday, MakeMyTrip stock reached an important performance benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an improvement to 91, an increase from 87 the day before.
Here Are 3 Keys For Successful Stock Investing
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 at the beginning of a new price run.
Is MakeMyTrip Stock A Buy?
The IBD 50 stock is trying to complete a consolidation with a 123.00 buy point. This is not the time to buy stocks during a market selloff, but build a watchlist of possible emerging leaders once the market trend turns around.
The online travel booking company showed 11% EPS growth in the latest quarterly report. Revenue rose 25%. The company is expected to report its latest performance numbers on or around May 14.
MakeMyTrip stock earns the No. 1 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings and Despegar.com are also among the group's highest-rated stocks.
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