Book It? (BKNG)

by | May 23, 2024

As we move to the summer, what’s at the front of everyone’s mind?


Everyone I talk to has a trip upcoming or has several trips upcoming. Every family’s #1 priority seems to be the vacation(s) they’re going to take.

And that’s not going away even if the Fed won’t lower rates.

So looking at Travel & Leisure is a good idea.

And Booking Holdings (BKNG) doesn’t disappoint.

Here’s the chart:

At a previous breakout level, BKNG soared.

If it breaks above $3918, it could soar again as the families splash in exotic pools.

We’ll keep an eye on it.

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.


What to read next