Shares of Match Group Inc. (MTCH) have jumped 35 percent this year as online dating continues to grow, making a strong case for bullish institutional investors looking for a growth stock in a leading sector.
For MAP, the strongest indicator of positive price momentum is by measuring potential institutional accumulation, which Match clearly exhibits. So far this year we have flagged 15 potential institutional buy signals, which can be a precursor for further bullish price action. We want to bet alongside big investors who have a favorable outlook on a company. In the chart below, Match shows a breakout above recent highs alongside increasing accumulation.