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Watch for Continued Losses in Shares of Travelzoo (TZOO)

By David Diaz

Shares of Travelzoo (NASDAQ:TZOO) traded today at $7.54, breaking its 52-week low. So far today approximately 85,000 shares have been exchanged, as compared to an average 30-day volume of 74,000 shares.

In the past 52 weeks, shares of Travelzoo have traded between the current low of $7.54 and a high of $14.29 and are now at $7.59. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

Travelzoo has overhead space with shares priced $7.59, or 31.8% below the average consensus analyst price target of $11.12. Travelzoo shares should first meet resistance at the 50-day moving average (MA) of $8.97 and find additional resistance at the 200-day MA of $10.18.

Travelzoo Inc. provides online marketing solutions to the travel industry. Through the Company's Web site, its newsletter, and by using its listing management software, travel companies can inform Internet users about their specials. Travelzoo serves companies such as Alamo Rent-A-Car, Delta Airlines, Expedia, and Hilton Hotels.

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

Keywords: 52 week high/lows travelzoo

Ticker(s): TZOO