This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Orient-Express Hotels (
OEH) is a hotel and travel company, which is focused on the luxury end of the leisure market with exposure to both mature and emerging national economies. This stock closed up 8.1% at $11.40 on Wednesday.
Wednesday's Volume: 1.97 million
Average Volume: 562,059
Volume % Change: 256%
>>5 Rocket Stocks to Buy for Dow 15,000
From a technical perspective, OEH gapped sharply higher here right above its 200-day moving average of $10.34 with heavy upside volume. This stock recently formed a double bottom chart pattern at $9.42 to $9.43 and then spiked higher back above its 50-day moving average at $10.01. This gap move has now pushed shares of OEH into breakout territory, since the stock took out some near-term overhead resistance levels at $10.42 to $10.52. Shares of OEH are now quickly moving within range of triggering another major breakout trade. That trade will hit if OEH manages to take out some near-term overhead resistance levels at $12 to $12.29 with high volume.
Traders should now look for long-biased trades in OEH as long as it's trending above Wednesday's low of $10.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 562,059 shares. If that breakout triggers soon, then OEH will set up to re-test or possibly take out its next major overhead resistance levels at $13.13 to $14.25.