Expedia is at a huge point of reckoning here. Will this be a perfect opportunity or bad weather ahead?
First of all, this $130 level was huge resistance before. When Expedia broke through, it soared to the upside. Recently, the stock had a terrible week losing 20%. But we saw this back in 2013. The stock soared from a beaten down status for the next four years.
Digging deeper, we are also approaching gap resistance at $130 from the bottom. This $130 level is a good level to shoot against. If EXPE gets above, you can hold it long. If it can't stay above $130, is would be better to let someone else take that trip.
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