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Possible Bearish Inside Day Candle Pattern Detected for Expedia Inc (NASDAQ:EXPE)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Expedia Inc (NASDAQ:EXPE) based on the price action in the company's shares. Today's price range of $132.64 and $132.90 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Expedia Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

There is potential upside of 3.3% for shares of Expedia Inc based on a current price of $132.90 and an average consensus analyst price target of $137.30. The stock should discover initial support at its 50-day moving average (MA) of $131.61 and subsequent support at its 200-day MA of $124.79.

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.

Expedia Inc share prices have moved between a 52-week high of $144.00 and a 52-week low of $108.11 and are now trading 23% above that low price at $132.90 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Expedia Inc and will alert subscribers who have EXPE in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle expedia inc

Ticker(s): EXPE