6 Best Travel Stocks for 2021

It’s almost time to turn the calendar to 2021, and many of us are looking forward to doing everything we couldn’t do in 2020. One market segment that could bounce back in a big way next year is the travel sector.

Families that have been cooped up for months will be looking for a change of scenery. Businesses will be looking to close deals in person. Folks who love to travel have been making plans.

Which names in the travel space are setting up for a strong year in 2021? To find the answer, we divided the sector into subgroups. Here’s what we found:

Online Travel

Technically speaking, this is one of the strongest groups within the sector. My top pick in this space is Expedia  (EXPE) – Get Report.

At the time of this writing, Expedia was nearing its year-to-date high. The stock was on the verge of a breakout from bullish pennant formation (black lines in the chart below). That consolidation pattern projects Expedia to the $160 area. 

Source: TradeStation

Source: TradeStation

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