Expedia Bearish Moving Average Crossover Alert (EXPE)

Published on Fri, 07/24/2015 - 11:53
By Robert Cotter in Moving average crossovers, EXPE, expedia, moving crosses, nasdaq:expe

Today, shares of Expedia (NASDAQ:EXPE) have crossed bearishly below their 10-day moving average of $109.34 on a volume of 1.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Expedia (NASDAQ:EXPE) is currently priced 2.7% above its average consensus analyst price target of $104.10. The stock should find resistance at its 50-day moving average (MA) of $107.68, as well as support at its 200-day MA of $93.76.

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.

In the past 52 weeks, shares of Expedia have traded between a low of $70.91 and a high of $115.00 and are now at $106.95, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

By Robert Cotter
rcotter@fnno.com

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