Expedia Rebounds Off The 10-Week Line In Strong Run-Up
Posted on June 29, 2012 at 17:03 PM EDT
Expedia (EXPE) has enjoyed a strong gain since clearing a 30.52 cup-with-handle buy point in the week ended Jan. 20. The action since then has been constructive. This past week, the online travel agency pulled back to its fast-rising 10-week moving average, then rebounded sharply Friday in reaction to news that eurozone officials are planning bold new measures to shore up the finances of its debt-ridden member nations. One concern is the lack of