On Monday, Airbnb got an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Airbnb is building a consolidation with a 154.95 entry. It has recently crossed key moving averages, and there could be an aggressive early entry as it nears a trend line you could draw on a MarketSmith chart.
ABNB Earnings
Airbnb showed 270% EPS growth in its most recent report, while sales growth came in at 18%.
The company holds the No. 4 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip is also among the group's highest-rated stocks.
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