What Is Fueling the Boom in Online Travel Stocks?

Up, Up and Away for
Online Travel Stocks

As you shook the sand out of your flip-flops this summer, did you notice more space to spread your beach towels? Were there fewer lines at the ice
cream stores, in the airports or at the amusement parks? Has the summer travel season — and travel stocks — been affected by this tough
economy?

You’d think the answer would almost certainly be yes. But it turns out Americans are still hitting the road, albeit slightly less than they have
in the past.

Proving that travel is still alive and well despite the recession are the bottom lines of companies dedicated to helping consumers save money on
all things travel. Moreover, Wall Street certainly seems to like these companies, as we’ve seen a sharp rise in share prices of leading online travel
agencies Expedia (EXPE), Orbitz Worldwide (OWW) and Priceline.com (PCLN).

Let’s take a closer look at each of these stocks, including their technical picture, and then we’ll take a look at one unexpected reason why it’s
been up, up and away for online travel stocks.

Next – The Street Likes Expedia