Maplebear saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 79 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves.
While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper base.
Maplebear reported -14% EPS growth in its most recent report. Revenue gains came in at 9%. Look for the next report on or around Aug. 7.
The company holds the No. 17 rank among its peers in the Retail-Internet industry group. DoorDash, Olo 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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