Expedia Stock To Move Above The Closest Resistance Level?
| May 03, 2022 03:58AM ET
When we look at the Expedia (NASDAQ:EXPE) chart, we can see its fall from the $188 level to the $182 level briefly and rose again to the $188 level, but it failed to move higher leading to the retraction to the $180 range, finding support at the $170. It was last found trading at the $174.65, having overhead resistance in the $180 range.
Expedia had scheduled a quarterly earnings announcement yesterday in an after-hours session. It reported better EPS than expected, and the Revenue was as expected. Today we can expect a move above the $180 closest resistance level, possibly in the $184 range.
If, however, it doesn’t manage to hold on to the current level, then a move towards and below the $170 closest support level can be expected.
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