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Expedia Set to Possibly Pullback After Yesterday's Rally of 1.12%

By David Diaz

Expedia (NASDAQ:EXPE) traded in a range yesterday that spanned from a low of $143.57 to a high of $145.91. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $143.75 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Expedia share prices have been bracketed by a low of $88.40 and a high of $145.91 and are now at $145.24, 64% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.65% higher over the past week, respectively.

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 11.1%. We continue to monitor EXPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Expedia

Ticker(s): EXPE