Sabre Corp. Looks Set to Travel in One Direction: Down

On “Mad Money” Monday night, a caller asked host Jim Cramer about Sabre Corp. (SABR) and he gave caution.

“Saber is travel and travel isn’t working right now,” was Cramer’s advice.

Let’s check out the charts and indicators of this technology provider to the travel industry.  

 

In this daily bar chart of SABR, below, we can see that prices collapsed rapidly from February to March and they have not recovered yet. Prices rallied into early June, but could not build on those gains.

 

SABR has been trading around the declining 50-day moving average line and remains below the declining 200-day moving average line. The On-Balance-Volume (OBV) line moved up slightly from March to early June, but has since been in a decline to new lows, telling us that sellers of SABR are more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been hugging the zero line — not promising.  

 

 

 

In this weekly bar chart of SABR, below, we can see just how big the decline has been which started back in early 2018. Prices are below the declining 40-week moving average line. The weekly OBV line shows weakness from the middle of 2019. The MACD oscillator is well below the zero line. 

 

 

 

In this daily Point and Figure chart of SABR, below, we can see that the software is projecting a possible rally to the $7.78 area. 

 

In this weekly bar chart of SABR, below, we can see a possible downside price target of around $5.  

 

 

 

Bottom line strategy: The charts and indicators of SABR are depressing. Avoid as prices could weaken further in the weeks ahead. 

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