Booking Holdings rises against a weak sector
Booking Holdings gains 1.8% and holds its own against a weak sector
Booking Holdings rises against a weak sector
Our view last week
Booking Holdings gives back 3.3% for the week, but price bounces straight off its own daily EMA20 (the 176 area), with buyers making up more than 60% of the volume: the hold is clean. In this week's technical analysis the buy signal is in its 3rd week, signal strength touches 70 out of 100, and the stop has already moved to breakeven - risk zeroed out - though contracting volume and sellers edging slightly ahead on the last bar deserve attention.
This week's summary
Booking Holdings shares rise 1.8% in a week when the Consumer Discretionary sector gives back 1.5%: a clean case of relative strength. In this week's technical analysis the bounce comes from the daily chart, off the 20-day moving average in the 178 area — a touch in the 175 area, a 4% rebound. The buy signal is in its fourth week, the stop is already at breakeven, and signal strength stays high, though contracting volume deserves attention.
IQS Phase
65
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#22 / 112
US stocks in progress
Trade P&L %
+5.76%
from signal to today
restricted Platinum content