Expedia Group, Inc. (EXPE)

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Expedia Group, Inc. (EXPE)Expedia is the world’s largest online travel agency by bookings. It owns popular brands like Hotels.com, Travelocity, Orbitz, and other booking websites. Expedia also owns the German metasearch company Trivago. Travel and tourism are poised to bounce back after the pandemic, and online bookings are expected to continue growing. These trends place a market leader like Expedia favorably for future growth.

The long-term monthly chart for Expedia shows the price making higher highs and higher lows from 2011 till about 2018. Since then, the stock moved sideways before a strong downtrend from November 2019 to March 2020. The price broke the bottom of the long-term trend during this fall. However, the price quadrupled since that crash and touched a high of $180 before pulling back again and finding support near the bottom trend line. The reversal point is also close to an important historical resistance zone that is now supporting. The likely price target now appears to be $180. A stop-loss can be placed below the support level at around $136.
Position entered into our long-term tracking portfolio today. The entry point is at $171.25, and stop-loss is placed at $114.99, 32% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $188.86, giving a profit of 10%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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