One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Maplebear stock just hit that mark, with a jump from 77 to 83 Thursday.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Is Maplebear Stock A Buy?
Maplebear stock reclaimed its 50-day moving average on Thursday and is building a consolidation with a 53.44 entry. 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.
Earnings growth increased last quarter from 0% to 20%, but sales fell from 12% to 10%. The company is expected to report its latest earnings and sales numbers on or around May 1.
Maplebear stock earns the No. 9 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. For more industry news, check out "Retail Industry News And Stocks To Watch."
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.
