Long Position on EXPE @ $59.35 on 11/7/2012 (Momentum)

Expedia (EXPE) operates as an online travel company in the United States and internationally.

It provides travel products and services to leisure and corporate travelers, offline retail travel agents, and travel service providers through a portfolio of brands, including Expedia.com, hotels.com, Hotwire.com, Expedia Affiliate Network, Classic Vacations, Expedia Local Expert, Expedia CruiseShipCenters, Egencia, eLong, Inc., and Venere Net SpA.

The company’s travel offerings consist of airline tickets, hotel rooms, car rentals, destination services, cruises, and package travel provided by various commercial airlines, lodging properties, car rental companies, destination service providers, cruise lines, and other travel product and service companies on a stand-alone and package basis.

It also facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transaction, passing reservations booked by its travelers to the relevant travel provider.

Shares have formed a bullish "flag" after the firm reported better than expected earnings. Higher prices are expected for this stock.

52-Week Trading Range:   $27.28 - $61.38

Last Trade:  $59.35

Stop Loss:  $56.38

Target Price:  $65.28

Position closed on 11/15/2012 at price of $56.38 with a -5.00% loss in 8 days.

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