Sizing Up a Priceline Play

Priceline (PCLN) will be my focus after the bell. It is hard to imagine this name not doing well or guiding well given how competitors Expedia (EXPE), TripAdvisor (TRIP), Orbitz Worldwide (OWW) and even HomeAway (AWAY) have reported and their subsequent stock movements.

The chart isn't quite as bullish. A series of rounding tops are playing out, pointing to a lower target. Currently, they point down into the $1,125-$1,150 area before I expect to see a bounce. It is hard to fathom a move lower like that from PCLN tonight. I would be willing to put money behind it based on the aforementioned company reports....226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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