Priceline.com Reverses From Gap Higher
Priceline.com Incorporated (NASDAQ:PCLN) gapped higher today and quickly reversed to the negative side. The stock had been on a rampage lately, making new all time highs and topping out today at $333.74. This reversal may be significant as it could signal a short term pullback on the stock. The stock has moved from $173.75 on July 1st, 2010 to $333.74 today. Truly an amazing move in such a short time. If a pullback does come, look for support around $305.00.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Read more at In The Money Stocks
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