Travelzoo breaks below the lows of its recent trading range, levels to watch The stock is down over 4.6% at time of writing, last at $16.95. The move today has broken support at the lows of the trading range in place since late October, at the $17.32 area. This is now resistance. Breaks of support in trading ranges have broader bearish price implications. Next support based on the current price of $16.95 is at $16.13.
News For TZOO From The Last 14 Days
Check below for free stories on TZOO the last two weeks.
Travelzoo Q1 outlook more uncertain after announcement, says Ascendiant Ascendiant believes Travelzoo's announcement of new heads for its Search and Local businesses due to continued weakness in local voucher sales and lower search revenues adds uncertainty to its Q1 outlook. Ascendiant added that its checks indicate that Travelzoo’s Local Deals decreased 15% in Q1 and the firm maintains its Hold rating on the stock.