As I mentioned my Portfolio Update earlier this week, I am extending our hold period for Despegar (NYSE: DESP) two more months from July 26 to September 26: “The company announced a shake-up in the C-suite last week, and I want to see what sort of guidance the new CEO provides (if any) when the company releases its Q2 results next month.”

From a technical perspective, DESP bounced off its lower Bollinger Band a few days ago and crossed over its 50DMA yesterday. At the same time, its RSI is approaching 50 and is higher than it has been in two months. I’m not expecting fireworks, but I believe we can close out this position at a better price in a month or two than where it is has been trading lately.