In a welcome move, Expedia Group saw its Relative Strength Rating improve from 70 to 78 on Monday.
How To Invest In Stocks In Both Bull And Bear Markets
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 trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their largest climbs. See if Expedia Group can continue to rebound and hit that benchmark.
Expedia Group broke out earlier, but has fallen back below the prior 177.91 entry from a cup with handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth increased last quarter from 39% to 90%. But revenue gains fell from 10% to 3%. The next quarterly numbers are expected on or around Jul. 31.
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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
