Banking

Stocks Showing Improved Relative Strength: TripAdvisor

The Relative Strength (RS) Rating for TripAdvisor (TRIP) entered a higher percentile Friday, as it got a lift from 70 to 74.




X



As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating tracks 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 typically have an 80 or better RS Rating as they launch their largest runs. See if TripAdvisor can continue to show renewed price strength and hit that benchmark.


Looking For The Best Stocks To Buy And Watch? Start Here


TripAdvisor is now considered extended and out of buy range after clearing a 24.82 buy point in a first-stage cup without handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings-per-share growth declined in the company’s latest report from 0% to -657%, but revenue rose from -65% to -56%. Look for the next report on or around Aug. 6.

TripAdvisor holds the No. 9 rank among its peers in the Leisure-Travel Booking industry group. Travelzoo (TZOO) and Expedia (EXPE) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button