By Tim - http://stockstobuy.org
When will TravelZoo (TZOO) stock go up? Hopefully soon! I am now calling TZOO a strong buy below $35.
The following is technical analysis for TravelZoo Inc. (TZOO) - August 29, 2011
TravelZoo Inc. (TZOO) Support & Resistance Levels - 8/29/11
Resistance Levels: $35.50, $36.30, $37
Support Levels: $31.95, $31.54
Chart - http://www.stockcharts.com
TravelZoo Inc. (TZOO) has been one ugly stock lately but I feel that the technicals are starting to turn bullish finally. I like TZOO so much right now that I bought more on Friday for my long term stock account. As you can see, TravelZoo hasn't closed above the 10 day moving average since the crash began after reporting earnings. A close back above the 10 day moving average would be a sign that the trend is changing. I am expecting TZOO to reported a great quarter judging by some of their Local Deal sales. The company continues to expand and offer high quality deals. A close above $36.30 will be the real buy signal leading up to earnings.
TravelZoo Inc. (TZOO) Support & Resistance Levels - 8/29/11
Resistance Levels: $35.50, $36.30, $37
Support Levels: $31.95, $31.54
Chart - http://www.stockcharts.com
TravelZoo Inc. (TZOO) has been one ugly stock lately but I feel that the technicals are starting to turn bullish finally. I like TZOO so much right now that I bought more on Friday for my long term stock account. As you can see, TravelZoo hasn't closed above the 10 day moving average since the crash began after reporting earnings. A close back above the 10 day moving average would be a sign that the trend is changing. I am expecting TZOO to reported a great quarter judging by some of their Local Deal sales. The company continues to expand and offer high quality deals. A close above $36.30 will be the real buy signal leading up to earnings.
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