Booking Holdings saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 89 to 92.
This unique rating identifies 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.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of over 80 at the beginning of a new climb.
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Booking Holdings has risen more than 5% past a 3,940.25 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 16% last quarter, up from 11% in the prior report. Revenue also increased, from 7% to 9%.
Booking Holdings earns the No. 4 rank among its peers in the Leisure-Travel Booking industry group. MakeMyTrip is the No. 1-ranked stock within the group.
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