This Foreboding Sign Looms Over Expedia Group's Chart

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If history is any guide, there may be trouble ahead for shares of Expedia Group EXPE. A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with Expedia Group, which is trading around $116.39 at publication time.

signals

Remember: Seasoned investors don't blindly trade Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible short positions.

With that in mind, take a look at Expedia Group's past and upcoming earnings expectations:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.59 0.67 1.70 -0.65
EPS Actual -0.47 1.06 3.56 -1.13
Revenue Estimate 2.23B 2.31B 2.75B 2.00B
Revenue Actual 2.25B 2.28B 2.96B 2.11B

Also consider this overview of Expedia Group analyst ratings:

ratings

Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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