Trip Advisor, Inc., an online travel company, provides trip advisory
services. The company's travel research platform aggregates reviews and
opinions from its community about destinations; accommodations, such as
hotels, bed and breakfasts, specialty lodging, and vacation rentals;
restaurants; and other activities through its TripAdvisor brand. It
operates TripAdvisor-branded Websites, which comprise tripadvisor.com in
the United States; and localized versions of the Website in 30
countries, including China under the brand daodao.com. In addition, it
manages and operates Websites under 20 other travel media brands,
providing travel planning resources across the travel sector; and
engages in licensing its content. Further, TripAdvisor, Inc. operates
tingo.com, a hotel booking site that automatically rebooks hotel rooms
at a lower price if the rate drops and automatically refunds the
difference to the traveler's credit cards; and sniqueaway.com, a flash
sale Website that provides limited time access to deals on hotels at
deep discounts.
To review Trip's stock, please take a look at the 1-year chart of TRIP (Trip Advisor, Inc.) below with my added notations:
After a strong rally from $30 in October, TRIP has formed a solid
support at $60 (green) over the last (2) months. In addition, the stock
has formed a trendline of resistance (navy) starting in the middle of
June. These two levels combined have TRIP sandwiched within a common
chart pattern known as a descending triangle. At some point, the stock
will have to break through one of those two levels. If TRIP were to
break through the resistance, the run could be short lived due to
another resistance at $65 (red) standing in its way.
The Tale of the Tape: TRIP has a $65 resistance and a
$60 support level to watch. A long trade could be made on a breakout
above the resistance or on a pullback to the support. A break below the
$60 support would be an opportunity to enter a short trade.
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