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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 $146.55 and $147.48 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 share prices have moved between a 52-week high of $161.00 and a 52-week low of $96.58 and are now trading 52% above that low price at $146.92 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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.

There is potential upside of 7.3% for shares of Expedia Inc based on a current price of $146.92 and an average consensus analyst price target of $157.58. The stock should find initial support at its 200-day moving average (MA) of $115.90 and further support at its 50-day MA of $108.56.

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