Priceline ( $PCLN ) at a Key Level

Priceline ( $PCLN ) was on fire to start the month of June, soaring over $100 in just 5 trading sessions.  Since then, the stock has gone the other direction, dropping  for the past 5 sessions. It  now sits at a key level, having breached it's 50 day moving average, and is only $20 away from it's 200 day moving average.

A few weeks ago it looked like Priceline ( $PCLN ) may hit new all-time highs, today the stock is struggling to hang on. I added some puts this morning as the stock was breaking support. I thinkPriceline ( $PCLN ) will come down and test $1270(and below) this week. Will be watching the $1310 spot as an area I would close out my put position:


Happy Trading!


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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