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.
Online travel trends point to solid Q2, says Piper Jaffray Piper Jaffray analyst Michael Olson said analysis of travel industry trends through May point to a "solid" second quarter for online travel, noting his belief that Priceline (PCLN) has the most favorable risk/reward in the space given the stock's underperformance so far this year. In addition to an Overweight rating on Priceline, Olson keeps an Overweight on HomeAway (AWAY) and TripAdvisor (TRIP), but has a Neutral rating on Expedia (EXPE), citing its relative valuation.