One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Maplebear just hit that mark, with a jump from 78 to 83 Friday.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest runs.
While it's not currently an ideal time to buy shares, see if the stock manages to offer and clear a proper buy point.
Maplebear posted -14% earnings growth in its most recent report. Revenue gains came in at 9%.
Maplebear holds the No. 16 rank among its peers in the Retail-Internet industry group. DoorDash, MercadoLibre and Sea ADR are among the top 5 highly rated stocks 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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