Priceline.com (PCLN) - February 19, 2008

Thierry Martin · 02-21-2008, 08:50 AM

From Wall Street Trader's Column

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

02-21-2008, 08:50 AM	#1
Thierry Martin Site Administrator Join Date: Jun 2005 Location: Canada, in an igloo. Posts: 6,651	Priceline.com (PCLN) - February 19, 2008 From Wall Street Trader's Column 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 __________________ Free instant email analysis of your favorite stock.

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