Could Priceline $PCLN Be a Good Short Candidate?
You never want to call a top or a bottom, rather observe the stock market and take a low risk bet. In the case of Priceline, it has had extreme difficulty overtaking the 50 period moving average. This is a sign of weakness. It has tried 3 times to take out the 50 period moving average. More so it was on tremendous volume some of the recent selling. You want to follow the trend…However maybe the price of Priceline is not justified?
Make your own decisions. This is not intended for any personal advice. Past performance is not indicative of future performance