February 19, 2021, 1:02 pm EST
Rising India Tiger: MakeMyTrip (MMYT)
COVID-19 cases are going down recently which gave people hope to travel again both in the US and other countries. US cruises (RCL, CCL, NCLH), online travel (BKNG, EXPE, TRIP, TCOM), and hotels (WYNN, LVS, MAR) are at a recent high. Thus, it is time to check if you have a travel-related stock in your portfolio.
We like MakeMyTrip (MMYT), which is an India online travel booking sites like PriceLine.com in the US. Please refer to our last October article for details.
We made a quick +30% profits on MMYT from 10/20/2020 to 11/20/2020.
It seems like an opportunity for MMYT to arrive again when clearing up 32 resistance with near +10% gain today. Sell stop is 30.
