Expedia Group, Inc. : A rebound is anticipated
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$68.65 | US$80 | US$64.6 | +16.53% |
From the technical viewpoint, the share stopped its long term bullish trend in February 2014. Then, stock prices have slowly decline, rebounding from time to time. An other rebound is taking shape and could be confirmed during the coming trading sessions. In addition, weekly moving averages are still well oriented to anticipate a rebound towards the stock’s historical highs.
Therefore, a long position could be taken at the current price. The target will then be USD 74 and then USD 80 if the bullish rebound is confirmed. A stop loss will be placed under the support level currently tested in case of a bearish overflow.