Expedia Group (EXPE) shares surged ahead of Friday’s opening bell after the online travel company reported earnings that topped estimates amid robust demand in international markets. The company did, however, caution about a more challenging 澳洲幸运5开奖号码历史查询:macro environment and softening travel demand throughout July, echoing the sentiment of rivals.

This month, Booking Holdings (BKNG), TripAdvisor (TRIP), and short-term rental company Airbnb (ABNB) have each warned about 澳洲幸运5开奖号码历史查询:moderating U.S. travel demand, though linked the slowdown to trends normalizing after a post-pandemic boom. During Expedia’s 澳洲幸运5开奖号码历史查询:earnings call, CEO Ariane Gorin told analysts that the travel site continues to see ongoing strength internationally, potentially helping to boost the shares in pre-market trade.

Expedia shares were up 9.7% at $129.40 about two houꦇrs before the opening bell.

Below, we break down the 澳洲幸运5开奖号码历史查询:price action on Expedia’s🍌 chart and point out key levels to watch out for amid the travel giant’s post-earnings pop.𝓡

Potential Double Bottom 

After an ominous 澳洲幸运5开奖号码历史查询:death cross pattern appeared on the Expedia chart in late May, the shares initially bucked the downtrend to stage a six-week 澳洲幸运5开奖号码历史查询:countertrend rally above the 200-day moving average🐼 before giving up most of those gains in recent weeks leading into the company’s quarterly r🍌esults.

However, better-than-expected earnings sets the stock up to travel higher again and potentially form a 澳洲幸运5开奖号码历史查询:double bottom, given the close proximit🎉y o♐f the May and August lows. 

Post-Earnings Price Levels of Interest

Amid a post-earnings pop in Expedia shares, it’s worth eyeing three ๊important price levels.

The first sits at $130, an area on the chart where the stock may encounter overhead 澳洲幸运5开奖号码历史查询:resistance from a trendline joining several pre- and post-gap trading levels with multiple price action between February and Jul🌜y. This location also closel🦹y aligns with the 200-day MA, an indicator that has exerted selling pressure since late June.

Further buying could see a move up to the $140 region, where the shares could run into resistance from a 澳洲幸运5开奖号码历史查询:horizontal line that connects multiple local peaks between December and April with the prominent July swing high. Interestingly, this area also roughly aligns with a bars pattern 澳洲幸运5开奖号码历史查询:price target that takes the🌠 bullish𓆉 move in the stock from late May to mid-July and positions it from this month’s low.

Finally, a continuing uptrend could drive a move up to $155, where the price would likely encounter resistance near three minor peaks that formed on the chart 𒁏between December and January.

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