When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. MakeMyTrip just met that criteria with a new score of 83.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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MakeMyTrip is working on a consolidation with a 123.00 buy point. See if the stock can break out in heavy trading.
The company showed 11% earnings growth in its most recent report, while sales growth came in at 25%.
The company earns the No. 2 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings is the top-ranked stock within the group.
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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