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