Expedia Group Inc. - (EXPE) - February 15, 2022 (Daily Stock Report)

by SIACharts.com

 

 

Travel booking company Expedia Group (EXPE) has been steadily climbing back up the rankings in the SIA S&P 500 Index Report since December and advancing toward the top of the Green Favored Zone since January. Yesterday, Expedia finished in 28th place, up 6 positions on the day and up 67 spots in the last month.

After staging a year-long rally up off the 2020 market bottom, Expedia Group (EXPE) shares then spent nearly a year stuck in a sideways range consolidating its gains. Since September an upward trend has resumed which accelerated following a successful test of uptrend support last month. In the last few days, Expedia has broken out to new all-time highs, completing a bullish Ascending Triangle and signaling the start of a new advance.

Measured moves from recent trading ranges suggest potential resistance near $230.00 and then $243.00. Support appears at the recent breakout point near $190.00 then the 50-day moving average near $175.00.

 

A major breakout is underway in Expedia Group (EXPE) shares. Since a correction bottomed out last summer, the shares have been steadily recovering lost ground. This week, the shares have broken out to new highs, completing a bullish Spread Double Top pattern which builds on two previous active Double Top breakouts. Horizontal and vertical counts suggest potential upside resistance near $223.05, $236.70, and $246.30.

With a perfect SMAX score of 10, EXPE is exhibiting strength across the asset classes.

 

Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

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