Friday, August 1, 2014

The Priceline Group Inc. (PCLN)

Priceline (PCLN) is probably facing an inverted ABC pattern
Now, here is a stock you should worry about, why?
Price was NOT in higher highs prior to yesterday's market reversal!
In other words, pattern confirms weakness for several months now
Start to worry when price dips below 1175
Earnings coming soon ... what is price trying to tell us ahead of earnings? 

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