Expedia Group has been the best performer out of the travel sites in recent sessions. Booking.com (BKNG) has also trended higher, but EXPE has been almost nonstop for the past few weeks. While it may be at a peak value on the chart, this is a name that has a history of making big runs once it extends away from congestion areas or sideways ranges. If EXPE could close and open above the $132 level, I suspect the upside can be greater than the 52-week high at $139.77. These are big what-ifs for the stock, but the markets are seeking some value in names that have great potential for gains. This company is one of these names. Very similar to how WYNN has been beloved by traders as of late. Same for GRUB and other momo names that are down, but are still finding value investors and aggressive traders alike. If you have not been following EXPE as of late, put it on your watchlist for the near term.
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