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Expedia Bearish Moving Average Crossover Alert (EXPE)

Published on Tue, 06/11/2013 - 11:34
By Adrienne Chilton

Expedia (NASDAQ:EXPE) shares have crossed bearishly below their 10-day moving average of $56.55 on a volume of 380K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Potential upside of 27.6% exists for Expedia, based on a current level of $56.24 and analysts' average consensus price target of $71.74. The stock should run into initial resistance at its 50-day moving average (MA) of $59.49 and subsequent resistance at its 200-day MA of $59.77.

In the past 52 weeks, Expedia share prices have been bracketed by a low of $19.61 and a high of $68.09 and are now at $56.24, 187% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.

By Adrienne Chilton