One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Maplebear cleared that benchmark Monday, with a jump from 61 to 81 Monday.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of 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.
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Maplebear is building a consolidation with a 53.44 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
While sales growth fell last quarter from 12% to 10%, EPS grew 20%, up from 0% in the prior report. Keep an eye out for the company's next round of numbers on or around May 1.
The company earns the No. 11 rank among its peers in the Retail-Internet industry group. Sea ADR, DoorDash and Liquidity Services are among the top 5 highly rated stocks 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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