Expedia Jumps and Pulls Back
Expedia jumped on strong results two weeks ago. Now after a pullback, traders may take be taking a look.
The main pattern on the travel company’s chart is the bullish gap on November 5. Prices have retraced the move and are trying to bounce slightly above the low from that session. The current range is also near the September and October highs, so EXPE may be trying to turn old resistance into new support.
Next, the stock bounced yesterday at its rising 21-day exponential moving average (EMA).
Speaking of yesterday, prices made a lower low and a higher high – a bullish outside day.
Finally, there was a “Golden Cross” on November 11 as the 50-day simply moving average (SMA) rose above the 200-day SMA.
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The main pattern on the travel company’s chart is the bullish gap on November 5. Prices have retraced the move and are trying to bounce slightly above the low from that session. The current range is also near the September and October highs, so EXPE may be trying to turn old resistance into new support.
Next, the stock bounced yesterday at its rising 21-day exponential moving average (EMA).
Speaking of yesterday, prices made a lower low and a higher high – a bullish outside day.
Finally, there was a “Golden Cross” on November 11 as the 50-day simply moving average (SMA) rose above the 200-day SMA.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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