Next up guys, some moves on the charts. Expedia pushing up nicely today up 5.44% but if you want to jump on with this ride, I wouldn't recommend doing so right now. After all, look down here at the daily RSI.
We have been in and above 70, which is the threshold of describing an overbought stock in the near term. We've been jockeying around that for the past couple weeks of trading implying we were just moved too high too fast on the Expedia chart.
Plus when you look at it with technical analysis, I see the top end range of the parallel channel very, very close. So if you're in Expedia, this is where I would be getting out just under 350 dollars.
As you can see by Monday, August 31st, that value at the top of the parallel is 348 dollars and 52 cents.