EXPE climbs to highest close since February 8th
Expedia Inc. (EXPE) Technical Analysis Report for May 17, 2018
Moving higher for the 2nd day in a row, EXPE finished Thursday at 115.67 gaining $0.08 (0.07%). Today's closing price of 115.67 marks the highest close since February 8th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.
Daily Candlestick Chart (EXPE as at May 17, 2018):
Thursday's trading range was $1.91 (1.66%), that's below last trading month's daily average range of $2.61. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar.
Prices are trading close to a key support level at 115.42. After having been unable to move above 116.68 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 116.65.
Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.
Buying could accelerate should prices move above the nearby swing high at 116.68 where further buy stops might get triggered. Selling could speed up should prices move below the close-by swing low at 113.06 where further sell stops might get activated. Further buying could move prices higher should the market test April's nearby high at 118.00.