|Day Low/High||37.97 / 38.95|
|52 Wk Low/High||25.00 / 46.50|
The entire travel and leisure sector appears ripe for a correction.
Investors should look to stocks that serve the all-powerful Chinese consumer.
Chinese yuan are converting into U.S. dollars at an intense pace as Chinese tourists become more adventurous.
Failure to find buying interest at $38 could lead to a deeper decline to $30 over the next month or two.
Here's how to benefit from China's dominance of the growth in tourism.
The bear charts demonstrate how little stress there was in holding those positions for a long way down.
The Chinese online travel company gets a bid from Tencent Holdings.
Expedia (EXPE) was the best performer on the S&P 500 after selling its 62.4% stake in Chinese travel agency eLong to a group of buyers including Ctrip.com (CTRP).
Stocks marched higher in midday trading Thursday with the Dow in sight of an all-time high as the U.S. dollar weakened.
For a Ctrip.com trade, I am going with straddles that expire this week and next week.
A look at charts from Priceline, Skyworks, Facebook and Ctrip.com.