Breaking out of consolidation: HomeAway Inc.

by Josh HomeAway Inc. (NASDAQ:AWAY) is breaking above the falling wedge pattern shares have been forming since April. HomeAway Inc. is up 4.50% at $31.52 on a volume of 796,156 shares here at the noon hour. Average daily volume has been 911,584 shares, putting HomeAway Inc. on track to trade near double average daily volume today.

As the chart shows, HomeAway Inc. (NASDAQ:AWAY) is resolving the falling wedge pattern, which when formed in an up trending stock like AWAY identifies a continuation pattern when resolved to the upside which is what we are seeing with shares of HomeAway Inc. (NASDAQ:AWAY) today.

52 Week Range $19.58-$34.30 Market Cap 2,684,020,766 Average Volume 1,021,920 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 0.90% Percentage of Float Short 9.60% Beta 0.72

Shares opened near the 50 day moving average and have powered higher, another bullish development for those trading the technicals on HomeAway.

HomeAway Inc. HomeAway, Inc., is an online marketplace for the vacation rental industry. Vacation rentals are fully furnished, privately owned residential properties, including homes, condominiums, villas and cabins etc.

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