April 24, 2024

Priceline (PCLN)

After gapping up nearly $70 on November 2nd following an earnings report where PCLN beat analyst revenue and earnings estimates, the stock has consolidated on lower volume providing a potential long trade.  The 60 minute MACD is potentially recycling so PCLN should start showing signs of rebirth if this recent pause is truly meant to only be one that refreshes.  Targets could extend near the $700 level so traders could wait for a clear break to get in or consider positions near support with tight stops.

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