Aloha, New Highs: 2 Hot Travel Stocks Break Out
Two travel-related companies are breaking out in the stock market today after issuing estimate-beating quarterly earnings: Expedia and Royal Caribbean Cruises. The travel site gapped up to a new high in huge volume, breaking out of a flat base with a 115.10 buy point. Expedia shares have risen nearly 40% this year. Expedia's competitor Priceline rose in sympathy. It's nearing a cup-with-handle buy point. Royal Caribbean also gapped up to a fresh high in big volume, clearing a price consolidation buy point of 85.66. The stock has gained about 9% so far in 2015. Peers Norwegian Cruise Line and Carnival also rose to new highs Friday. The Leisure-Travel Booking group is ranked number 56 out of the 197 groups that IBD tracks, while the Leisure-Services group is ranked number 71. Top stocks typically come out of the top quartile of IBD's groups.
