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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 $108.41 and $110.29 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.

Expedia Inc has overhead space with shares priced $108.47, or 20.3% below the average consensus analyst price target of $136.04. Expedia Inc shares should first meet resistance at the 50-day moving average (MA) of $108.56 and find additional resistance at the 200-day MA of $115.90.

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 $161.00 and a 52-week low of $96.58 and are now trading 12% above that low price at $108.47 per share. The 200-day and 50-day moving averages have moved 0.08% higher and 0.65% higher over the past week, respectively.

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