This is the daily chart of Expedia (EXPE) that popped up using the scan I illustrated last week. This is a good example of how certain trading strategies share similar characteristics. Not only is this a Type I Selling opportunity, but a Stochastic Sell to boot. It's important to keep the strategies separate but seeing multiple strategies line up helps remove any uncertainty about which way to trade. In this setup, we're looking about 2-1 reward to risk.
~Duane Gott
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