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Upgrade Alert for Expedia (EXPE)

By David Diaz

Expedia (NASDAQ:EXPE) was upgraded from Neutral to Overweight at Atlantic Equities today. The stock closed yesterday at $107.19 on volume of 2.4 million shares, below average daily volume of 2.7 million.

Expedia (NASDAQ:EXPE) has potential upside of 38.5% based on a current price of $107.19 and analysts' consensus price target of $148.50. The stock should run into initial resistance at its 50-day moving average (MA) of $108.56 and subsequent resistance at its 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.

In the past 52 weeks, Expedia share prices have been bracketed by a low of $88.40 and a high of $140.51 and closed yesterday at $107.19, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Expedia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Expedia in search of a potential trend change.

Keywords: analyst upgrades/downgrades Expedia

Ticker(s): EXPE