Expedia

Expedia has doubled in value since March 2012, but recently looks like its losing steam & setting up a bearish rising wedge. Short term support is about 58, but I think it may decline close to 50 which happens to be near its 50DMA, once its wedge pattern breaks down. Of course, part of the reason why its breaking 52 week highs is probably due to the Priceline Kayak deal, so unless it gets taken out, I’m negative short term on this.

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