Expedia Inc. (EXPE) has shrugged off the broader market pullback with a gap up on earnings to confirm its healthy uptrend is still intact.
GAP REVIEW
On October 26th, 2012, EXPE gapped up on earnings into the top of the $60.00 trading range. If EXPE can maintain this gap up over $55.00, it should continue its’ longevity of this uptrend and hunt for higher prices.
KEY LEVEL
Any price move maintained over $60.30 is considered bullish. EXPE has free air to move into $60.00 without any negative price resistance to hold it back.
THE TRADE
Buy EXPE long over $60.30 and look to ride the continuation of this present uptrend.
