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Wednesday, August 31, 2011

TravelZoo (TZOO) Support & Resistance Levels

By Tim - http://stockstobuy.org

TravelZoo (TZOO) has been on fire this week and judging by the open, there are no signs of this stopping. After $40, the next major resistance TZOO stock will have will be located at $41.75. This was the high the day TZOO broke down through $40 about 3 weeks ago. After $41.75, the next two resistance levels are $45 and $49.

As for support levels, TravelZoo will have support at $38 as well as $36.30. A close below $36.30 would be bearish and I'd look to reload in the $32's.

Local Deals have been on fire lately and are the future of the company.

http://www.travelzoo.com/local-deals/

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