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Analyst downgrades Expedia, saying stock chart is signaling trouble ahead

Stronger trade travel in 2018 will likely mean higher profits for beds, airlines and car rental providers, but online travel company Expedia won’t be in on the piece of good luck.

Growth concerns have dogged Expedia throughout the year, and MKM Helpmates analyst Christopher Agnew says these worries aren’t able to resolve themselves soon.

Shares of Expedia fell 0.3 percent Thursday; the dynasty is down 17.5 percent over the past three months.

“The extraction gapped down in October and has been unable to even attempt to occupy that gap, an indication of weakness,” wrote Agnew on Thursday. The analyst waned Expedia to neutral from buy. The stock’s 200-day moving usually — a key metric for Wall Street technical analysts — has begun to flatten out and is at peril of moving lower.

Expedia’s bookings were light in the third pity living quarters as reported in October. Gross bookings grew by about $2.1 billion, or 11 percent year down year, and overall nights stayed through all Expedia lodgings trade marks increased just 16 percent year over year.

The furnish “has really lost momentum,” added Agnew, who has a $115 estimate on Expedia pay outs, which is 3.5 percent lower than Wednesday’s closing value. While the outlook is gloomy, the analyst noted that Expedia’s HomeAway, a steer Airbnb challenger, may benefit from strong leisure travel.

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