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6+ years in trading & analyst roles. Most previously worked on the retail side of an FX broker, prior to that ran an event driven portfolio for a family office in Los Angeles and before that worked at a small futures fund in Scottsdale, Arizona. Currently trading own accounts running trend... More
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  • Priceline.com: Breaking Out 0 comments
    Apr 12, 2013 10:18 AM | about stocks: PCLN

    Here we are with this name finally breaking out to continue on the strong trend higher. I talked about this name in a market video posted to my YouTube the day before it broke out and still like it, provided, it can come back to provide a better entry price.

    Here is why I still like this name to last Aprils highs:

    1. Trend: It's strong and shows no signs of slowing down, take a look at the weekly chart below.
    2. Earnings: A nice ramp into earnings is here.
    3. Summer: Summer travel months are upon us.

    While I do think this name can and should come back in $15-$20 points before continuing on the trend, this is definitely a favorite to the long side.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PCLN over the next 72 hours.

    Stocks: PCLN
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