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Bearish Moving Average Cross by Expedia (EXPE)

By James Quinn

Today, shares of Expedia (NASDAQ:EXPE) have crossed bearishly below their 10-day moving average of $115.20 on a volume of 235K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Expedia have traded between a low of $88.40 and a high of $140.51 and are now at $114.88, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.65% higher over the past week, respectively.

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 4.2%. We continue to monitor EXPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Expedia

Ticker(s): EXPE