Bearish Moving Average Cross by Expedia (EXPE)
Today, shares of Expedia (NASDAQ:EXPE) have fallen below their 10-day MA of $116.95 on a volume of 2.5 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.
Over the past year, Expedia has traded in a range of $88.40 to $140.51 and is now at $115.20, 30% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Expedia on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.79. Since that recommendation, shares of Expedia have risen 7.7%. We continue to monitor EXPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Expedia