Expedia Group, Inc. : Buy it
By Théo de Beublain
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$126.79 | US$0 | US$125.2 | -100% |
The online American travel company own strong fundamentals, its financial situation remains very strong. Its revenue increases year after year and is expected to grow by 13% this in 2015. Expedia relies on strong finances as well (its financial leverage amounts to 0.38x). The Reuters consensus has a very positive opinion about this company and has revised largely upward EPS estimates for the coming exercise.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-period moving average helps the stock to keep its uptrend. The security is coming closer to its long-term USD 129.70 resistance and the breakout of it would constitute a significant buying opportunity.
This is why active investors should open long positions as soon as the security crosses that resistance and aim as a first target price the USD 137, ie a 5% increase. A stop loss will be placed under the USD 113 support to avoid a downtrend.