Expedia (EXPE) has been grinding higher the past 12 months. The long-term weekly chart looks like a large bullish triangle formation and an upside breakout should occur soon. Let's start with our daily chart, below.
In this 12-month daily chart of EXPE, below, we can see that EXPE has been making higher lows but it is harder to see the higher highs that also define an uptrend. Prices are above the 50-day moving average line (just barely) and above the 200-day moving average after a test of that line last month.
The On-Balance-Volume (OBV) line has recently acted stronger than the price line in January. The MACD oscillator is positive again as it moved back above the zero line.
With this weekly chart of EXPE, above, you need to use your imagination. You need to connect the price lows of the past year to get a rising trendline. Then connect the 2015 high and the 2016 high to get a downtrend line. These two lines come together to an apex and yields a large equilateral triangle formation. Triangles tend to break out before they reach the apex. Another feature of triangles is that the volume diminishes through the pattern and we can see that right below the price action. The Moving Average Convergence Divergence (MACD) oscillator is turning up to a fresh go long signal.
Bottom line: Aggressive traders could take a "starter" long position here and add on gains above $125 and again above $130.