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Wednesday, March 14, 2007

Travelzoo (TZOO): Will it move higher?


Travelzoo stock has been in consolidation mode for the past 8 months with visible resistance at $36. The recent shakeup in the market has not disturbed the stock much. Also, the OBV continues to rise while the stock continues its holding pattern. Its usually said that the price follows volume. If one was to believe this, TZOO will soon break out.

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Disclaimer:The investments discussed in this blog is my personal opinion. Investors must make their own investment decisions based on their specific investment objectives and financial position. Investing idea takes no responsibility for the accuracy of the information provided.