On Tuesday, Trip.com Group stock hit an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 86, up from 78 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Trip.com Group Stock A Buy?
While Trip.com Group stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 80% last quarter, up from -70% in the prior report. Revenue also increased, from -3% to 3%. The next quarterly numbers are expected on or around Sep. 23.
Trip.com Group stock holds the No. 5 rank among its peers in the Leisure-Travel Booking industry group. TripAdvisor and Booking are also among the group's highest-rated stocks.
