DailyPlay – Expedia Group (EXPE) – November 18th, 2021

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The bullish DailyPlay for Thursday, November 18th is Expedia Group Inc (EXPE). EXPE is part of the Discretionary sector which has experienced a pullback and bounce after a strong rally. 

Technical View

• Textbook pullback and bounce from previous resistance turned support. Short term momentum reversing from oversold.  
• Strong Technical Score (7 out of 10)
• Bullish 1M and 6M trends.

Fundamental View

• Strong growth in booking trends. Expected to reach 2019 levels in Q1 2022. 
• Strong diversification globally. EXPE is well protected from regional COVID lockdowns or disruptions.
• Earnings: Feb 10, 2022 (84 days)

As this is a debit spread, look to take profits at 75% – 100% gain and cut losses at 50%:

• Take Profits: $11.55 – $13.20 Credit
• Stop Loss: $3.30 Credit

View EXPE Trade