One thing that’s been persistently hot this year is travel.
People are dying to travel.
Maybe it’s because they were locked inside for too long.
Maybe it’s because they miss packed hotels and crying babies on planes.
Whatever the reason, travel has been a constant.
And, not surprisingly, travel-related stocks have been doing well.
Recently we talked about ABNB. We were watching a $134.27 breakout point and ABNB has blasted right through that:
It could be gearing up for a nice run.
So, are there any other travel-type stocks setting up?
Yes.
TCOM (Trip.com) has been going sideways most of the year but is now gathering up a little momentum.
If it breaks above $40.17, it could see new highs and possibly much more:
Travel is hot right now.
We’ll keep an eye on TCOM.
Happy trading,
— Scott Welsh
