HomeAway, Inc., together with its subsidiaries, operates an online
marketplace for the vacation rental industry worldwide. Its vacation
rental properties include homes, condominiums, villas, and cabins to the
public on a nightly, weekly, or monthly basis. The company's online
vacation rental property marketplace enables property owners and
managers to market properties available for rental to vacation travelers
who rely on its Websites to search for and find available properties.
It publishes detailed property listings, including photographs,
descriptions, location, pricing, availability, and contact information.
HomeAway also sells complementary products, such as travel guarantees
and property management software and services. The company's portfolio
of Websites comprise HomeAway.com, VRBO.com, and VacationRentals.com in
the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United
Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in
France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in
Brazil; and HomeAway.com.au in Australia. In addition, it operates
BedandBreakfast.com, for finding bed and breakfast properties, providing
travelers with lodging alternatives to hotels.
To review HomeAway's stock, please take a look at the 1-year chart of AWAY (HomeAway, Inc) below with my added notations:
Since March AWAY has essentially been trading sideways while forming a
common pattern known as a rectangle. Rectangle patterns form when a
stock gets stuck bouncing between a horizontal support and resistance. A
minimum of (2) successful tests of the support and (2) successful tests
of the resistance will give you the pattern. AWAY's rectangle pattern
has formed a $34 resistance (red) and a $28 support (blue), which was
also resistance back in October. A break above $34 would also be a new
52-week high.
The Tale of the Tape: AWAY is trading within a
rectangle pattern. The possible long positions on the stock would be
either on a pullback to $28, or on a breakout above $34. The ideal short
opportunity would be on a break below $28.
Please share this article
No comments:
Post a Comment