MakeMyTrip saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 84.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
MakeMyTrip is working on a consolidation with a 123.00 entry. See if it can clear the breakout price in heavy volume.
MakeMyTrip reported 11% earnings growth in its most recent report. Sales increased 25%. The next quarterly numbers are expected on or around May 14.
MakeMyTrip earns the No. 1 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip and Expedia Group are also among the group's highest-rated stocks.
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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