Travel Stocks Move In Tandem At This Bullish Chart Level

Travel stocks are experiencing a resurgence as investors and travelers embrace revenge travel after the impact of Covid lockdowns. Stocks like Ryanair, Carnival, Royal Caribbean, and Make My Trip are showing signs of recovery, with support at the 10-week moving average. Ryanair, for example, saw a 20% increase from a breakout in mid-November and has since pulled back to the 10-week line. Carnival and Royal Caribbean are also holding steady at their 10-week line. Online booking providers like Make My Trip and Booking.com are also worth considering, with Make My Trip experiencing a rebound and Booking.com reaching an all-time high.