Filed Under: ,
Tickers in this Article: PCLN
New York, August 31st ( - Incorporated (NASDAQ:PCLN) closed the the trading session at $603.60, near its 50 day and 200 day moving averages currently set at $633.44 and $610.35 respectively. Priceline's price action places the stock below these important levels, which makes it difficult to be bought, as it will certainly face resistance as it approaches these important moving Incorporated (NASDAQ:PCLN) operates as an online travel company that enables consumers to save money on a variety of products and services. The Company allows customers to name their own price on products or services and communicates that demand directly to participating sellers or to their private databases. Participants include domestic and international airlines, and hotel chains.

The latest price action range, defined by a peaks and troughs algorithm, placed calculated support at $553.43 and resistance at $599.85. Traders should monitor these levels, as they provide insight into the latest price dynamics in .

If traders want to establish a position on , given the heavy resistance expected near the 50 and 200 day moving averages, a trade might be evident as the stock manages to break these moving averages. However, until the break materializes buying the stock is nothing different than flipping a coin.

comments powered by Disqus

Trading Center