Thierry Martin
02-21-2008, 08:50 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
PRICELINE.COM INC (PCLN-Nasdaq): Technical Viewpoint: From a low of $86.68 on Jan 22, 2008 prices rallied, reaching a high of $112.06 on Jan 24, 2008. A decline saw prices pull back, reaching a low of $92.50 on Feb 7, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $123.83. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 24, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $102.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 7, 2008. A P&F downside reversal takes place at $118.00. Summary: Technical indicators have turned bullish. BUY! PRICELINE.COM INC (PCLN-Nasdaq) @ $124.63 Stop: Use a protective stop of $118.00. PRICELINE.COM INC is currently trading @ $123.83 plus $21.63 on Feb 15, 2008.
Price Objective: $149.50
Risk/Reward: $6.63 VS
$24.87. Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2253-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
PRICELINE.COM INC (PCLN-Nasdaq): Technical Viewpoint: From a low of $86.68 on Jan 22, 2008 prices rallied, reaching a high of $112.06 on Jan 24, 2008. A decline saw prices pull back, reaching a low of $92.50 on Feb 7, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $123.83. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 24, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $102.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 7, 2008. A P&F downside reversal takes place at $118.00. Summary: Technical indicators have turned bullish. BUY! PRICELINE.COM INC (PCLN-Nasdaq) @ $124.63 Stop: Use a protective stop of $118.00. PRICELINE.COM INC is currently trading @ $123.83 plus $21.63 on Feb 15, 2008.
Price Objective: $149.50
Risk/Reward: $6.63 VS
$24.87. Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2253-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)