Orbtiz: 2013 Industry Leader up on Heavy Volume (NYSE:OWW)Orbitz Worldwide Inc. ($OWW) is trading on higher than normal volume today, having already trade the average daily volume coming in to the noon hour. Orbitz Worldwide Inc. is up 3.05% at $10.15 on a volume of 944,915 shares.
Orbitz has been the Travel and Industry Leader top performer in 2013, returning 134% and outperforming peers including CTRP ( up 105%) and PCLN (up 44%). Shares have been consolidating and are testing the top end of the consolidation range today.
Technical traders will note that this consolidation has occurred right along the 50 day moving average. Technicians will often expect additional tail wind when a breakout occurs against a key moving average.
Orbitz Worldwide Inc. Orbitz Worldwide, Inc., is an online travel company that uses innovative technology to enable leisure and business travelers to search for and book a range of travel products.