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Web Hotel Network Reclaims Support Line.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Craig Shaw
Hotels.com, formerly Hotel Reservations Network, has had a wild ride the past year. It dived nearly 50% the week the markets reopened following 9-11. It took off the next few months, breaking out of a long base this March and gaining 25% to its peak.
It's now building the right side of a new seven-month base and stands 28% off its high. Last week it poked above its 200-day moving average. Its Relative Strength line is in new high ground, a bullish sign.
The Dallas-based firm buys blocks of hotel rooms and sells them at a discount on the Internet. It's boosted profit and sales by ...
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