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Expedia - EXPE - close: 17.65 change: -0.01 stop: 18.35

Company Description:
Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book and experience travel. (source: company press release or website)

Why We Like It:
Worries over a global slowdown appear to be impacting shares of EXPE. The stock is in a long-term down trend and recently broke down from a multi-week consolidation pattern. We are tempted to launch shorts right here but we're going to wait and suggest readers use a trigger to open bearish positions at $17.25. If triggered we have two targets. Our first target is $15.10. Our second target is $13.50. Be sure to take some money off the table at our first target since the $15.00 level might be round-number support. The Point & Figure chart is bearish and forecasts a $9.00 target. FYI: The latest data listed short interest at 5% of the 205 million-share float. That is just under three days worth of short interest.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/06/08 (unconfirmed)
Average Daily Volume: 4.2 million

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