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Small Cap Travel Growth Name Sets up High Tight Bull Flag

by | Dec 21, 2024

Viking Holdings (VIK) shares of the small cap travel name have are forming a high tight bull flag after a fantastic year since its IPO back in May and now nearing a breakout above monthly value resistance of 46.50 for a potential move up to the 50 round number level into year end. VIK has stayed above its rising 55 day MA since breaking above it in late September and last week saw Citi initiate coverage with a Buy rating. VIK also recently with 1000 January $45 calls bought at $2.36 and still in OI.

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