HomeAway tests resistance after results, levels to watch The company yesterday announced better than expected results and guidance and today the shares are up 13%. The move up is testing a series of weekly highs that go back to January of last year. This could be a pivotal moment as a breakout above the $30 level would confirm an end to this wide horizontal trading range of the prior year. Bullish breakouts from long bases tend to become sustained. That $30 level remains resistance. Support is at $27.47. William Blair earlier upgraded the stock to Outperform noting stronger results as a catalyst for the recommendation change.
HomeAway call activity attributed to takeover speculation HomeAway November and January 32calls are active on total call volume of 2500 contracts (150 puts) on takeover speculation. December call option implied volatility is at 37, January is at 34,; compared to its 26-week average of 41 according to Track Data. Active call volume suggests traders taking positions for large price movement.