Expedia Inc. - EXPE - close: 25.56 change: +0.61

Stop Loss: 24.74
Target(s): 27.75, 29.75
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Company Description

Why We Like It:
EXPE has not caved into the market's recent selling pressure. Instead the stock has continued to consolidate sideways with a bullish pattern of higher lows. EXPE looks poised to break out from this consolidation very soon. I am suggesting a trigger to open bullish positions at $25.85. If triggered our stop is $24.75. Our targets are $27.75 and $29.75.

Trigger @ 25.85

Suggested Position: buy EXPE stock @ 25.85

- or -

buy the June $25 call (EXPE1118F25) current ask $1.10

- or -

buy the July $27 call(EXPE1116G27) current ask $0.50

Annotated chart:

Entry on May x at $xx.xx
Earnings Date 07/28/11 (unconfirmed)
Average Daily Volume: 5.5 million
Listed on May 17th, 2011