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

By David Diaz

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 $123.35 and $123.35 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.

Potential upside of 11.3% exists for Expedia Inc, based on a current level of $123.35 and analysts' average consensus price target of $137.30. The stock should find resistance at its 200-day moving average (MA) of $123.65, as well as support at its 50-day MA of $122.34.

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 Inc have traded between a low of $98.52 and a high of $139.77 and are now at $123.35, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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