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.
Expedia outlook has improved, says Cantor After meeting with Expedia's management, Cantor says it's more upbeat on the company's growth prospects, profitability and competitive positioning than previously. The firm is more bullish than ever on Expedia's opportunity to benefit from the HomeAway deal. Cantor reiterates a $150 price target and Buy rating on Expedia.