One important metric to look for in a stock is an 80 or higher Relative Strength Rating. MakeMyTrip just hit that mark, with a jump from 64 to 80 Tuesday.
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IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.
MakeMyTrip is working on a consolidation with a 123.00 buy point. See if the stock can break out in heavy trading.
The company posted 11% EPS growth last quarter. Revenue gains came in at 25%. The next quarterly numbers are expected on or around May 14.
MakeMyTrip 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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