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Watch for Continued Gains in Shares of Expedia (EXPE)

By Nick Russo

Shares of Expedia (NASDAQ:EXPE) traded at a new 52-week high today of $149.82. So far today approximately 360,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Based on a current price of $149.63, Expedia is currently 5.6% above its average consensus analyst price target of $141.26. 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.

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 share prices have moved between a 52-week high of $149.82 and a 52-week low of $88.40 and are now trading 69% above that low price at $149.63 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Expedia on April 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $129.37. Since that recommendation, shares of Expedia have risen 15.3%. We continue to monitor EXPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Expedia

Ticker(s): EXPE