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Airbnb Stock Shows Rising Relative Strength With Earnings Due

Airbnb (ABNB) stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 73. The home rental platform debut on Dec. 10.




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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks compares to the rest of the market.

Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Airbnb Inc Cl A can continue to rebound and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


Is Airbnb Stock A Buy?

Airbnb stock has been etching the right side of a consolidation since hitting a 52-week high of 219.94 on Feb. 11. Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

Strong Top, Bottom Line Results

The home rental platform saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 88%. Revenue rose from 5% to 299%. The next quarterly results are expected on or around Oct. 28.

Airbnb stock earns the No. 4 rank among its peers in the Leisure-Travel Booking industry group. Expedia (EXPE) and MakeMyTrip (MMYT) are also among the group’s highest-rated stocks.

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