Airbnb saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 66 to 79, just below the key 80 metric.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their biggest runs. See if Airbnb Inc Cl A can continue to rebound and clear that threshold.
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Can Airbnb Build A Base?
Airbnb is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could kick off a new price move.
While EPS growth dropped in the company's most recently reported quarter from 239% to 101%, the top line grew 78%, up from 67% in the prior report. Keep an eye out for the company's next round of numbers on or around May 13.
Airbnb stock holds the No. 3 rank among its peers in the Leisure-Travel Booking industry group. Booking is also among the group's highest-rated stocks.
