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The Airplane Trade

I found this chart on one of my scans I use in the Thinkorswim software. Expedia is an online travel company that helps people easily book reservations for cars, vacations along with a host of other services. In early February the stock moved lower and hit the 100 area. Now the stock has been moving higher. This is a bit of a late call as the stock has rallied quote a bit. It could be a good long for a move higher. I placed a blue arrow to where the target is.

Lets see how this plays out...

Entry 113.11
Stop Below 111.50
Target 116

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