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TripAdvisor(TRIP - Get Report) is an online travel research company, enabling users to plan and have a trip. This stock is trading up 9.4% at $37.63 in recent trading.
Today's Volume: 3.8 million
Average Volume: 2.1 million
Volume % Change: 247%
From a technical perspective, TRIP is gapping up sharply today on monster volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once TRIP takes out some near-term overhead resistance at $36.43 to $37.78 with high-volume.
Traders should now look for long-biased trades if TRIP can sustain a move or close above those levels on volume that's near or above 2,102,550 shares. If we get that action soon, look for TRIP to tag $40. Keep in mind that a move over $37.78 will mean TRIP is trading in all-time high territory. I would avoid TRIP or look for short-biased trades if it moves below today's low of $35.88 with volume.
TripAdvisor was also featured recently in "
5 Stocks Endowment Funds Are Buying in 2012."