Score 9.6 (out of 10): EXPEDIA GROUP sets up for +19.3%% rally in 3 months

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What’s Going On Here?

EXPEDIA is one of those stocks we have been highlighting that is making a new high, despite other parts of the market digesting the headwinds of interest hike expectations. Professional investors see this ‘relative strength’ as a positive for future stock price performance. Actor Ewan McGregor and Expedia are teaming up to give away free ‘trips’ on Super Bowl Sunday.

Why Now?

EXPEDIA GROUP INC has reached a new medium term high. Previously, during similar occasions, EXPEDIA GROUP INC shares had a median return of +19.3%, over the following 3 months – based on 5 historical occasions with 5 of those showing positive returns (100% hit ratio). This buy signal for EXPEDIA GROUP INC received a high score of 9.6 (out of 10). This insight was generated on 2022-February-1 with last price of 185.33.

What’s This Company About?

EXPEDIA GROUP INC is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: EXPE US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 221.14 (+19.3%) has been reached. Based on EXPEDIA GROUP INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 182.83 (last price at 185.33), which is equivalent to a -1.3% decline

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

6.9% (September-2021), 19.3% (February-2021), 34.3% (November-2020), 28.6% (August-2020), 17.8% (June-2020).

Historical Chart:

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Summary:

NameEXPEDIA GROUP INC
ViewUp
Star (1 to 10)9.6
Target+19.3%
Time3 months
Hit Rate100%

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