On Thursday, Airbnb stock earned an upgrade to its Relative Strength (RS) Rating, from 61 to 81.
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 market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of above 80 as they begin their biggest runs.
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Is Airbnb Stock A Buy?
Airbnb stock has been trading between 130 and 220 range for more than a year. The travel booking service stock is not currently trading in an ideal buying zone, see if the stock is able to establish and enter a buying range in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings growth declined in the company's most recently reported quarter from 239% to 101%, the top line grew 78%, up from 67% in the prior report. Look for the next report on or around May 13.
Airbnb stock earns the No. 3 rank among its peers in the Leisure-Travel Booking industry group. Booking and Airbnb Inc Cl A are also among the group's highest-rated stocks.
