ABNB and Reopening Stocks

Feb 10, 2022 08:15 AM 0 Answers
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Hi Marty,

Are you looking for reopening stocks or is there a way to see if this sector gets hot?

For example ABNB just ripped through it's 200 DMA and 50 DMA.

Uber just ripped through it's 50 DMA and looks like it's up 6% AH as is disney.

In a word; YES!

The airlines, cruise lines and hotels have been strong as well. MAR WH have been on our watch list. ABNB is a buy above its 50sma as it is forming the  right side of its base.

The high valuation stocks have stopped going down, and are being bought. If you want to take a swing at ABNB use the 5% stop-loss.I would be a little more careful with UBER. It is above its 50sma but has the 200sma lurking at the $44 level. It also has a ton of overhead supply.

I hope this answers your questions.



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