Will Rising Energy Prices Crush Travel Stocks’ Momentum?

 
March 10, 2021
 
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Will Rising Energy Prices
Crush Travel Stocks' Momentum?
There's a big connection between energy prices and travel stocks, both of which have been rising recently as people rotate out of tech stocks.

First… Let's talk oil prices, which have soared since the pandemic lows when the broader stock market crashed from February into March 2020.

In fact, things were so bad, oil prices briefly went negative.

And then they bottomed before ripping higher — about a ten-fold increase in prices over the past 11 to 12 months. And that is a huge move for a global commodity like oil.

This big move is also one of the reasons we're starting to see inflation show up. And it's not just oil… We're starting to see things like soybeans, corn, wheat — so on and so forth — make upward moves.
What Does It Mean for Travel Stocks?
 
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Technical Indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. By analyzing historical data, technical analysts use indicators to predict future price movements. Examples of common technical indicators include Relative Strength Index, Money Flow Index, Stochastics, MACD and Bollinger Bands.
 
 
 
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