(Finance) – Effervescent Expediawhich is trading with a decidedly positive performance of 7.44%.
The online booking company announced second-quarter earnings and revenue growth. In particular, Expedia reported adjusted earnings per share of $3.51 versus analysts’ expectations for EPS of $3.06. Revenue was $3.56 billion, above the consensus estimate of $3.53 billion.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of the world travel comparator more pronounced than the trend of theS&P-500. This expresses the greater attractiveness of the stock by the market.
The medium-term scenario of Expedia confirms the negative trend of the curve. However, the analysis of the short-term chart highlights a loosening of the bearish phase preparatory to a rise towards the first resistance area seen at 130.2 USD. Support at 124.4. Any positive elements support the achievement of a new top seen in the 136 area.