On Monday, MakeMyTrip cleared an important performance benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 82, up from 79 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs.
MakeMyTrip is trying to complete a consolidation with a 123.00 buy point. See if the stock can clear the breakout price in heavy trading.
The company posted 11% earnings growth last quarter. Sales increased 21%.
The company earns the No. 2 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings is the No. 1-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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