Tuesday, November 8, 2011

Priceline (PCLN) Completely Shrugs Off Yesterday's After Hours Action

I was scratching my head a bit at the after hours reaction last night in Priceline (PCLN) [down around 3% at first] but while I expected dip buyers to show up, I didn't expect the name to be amongst the best performers of the day today.  Technically, that $550 level is important as it's been a resistance area for much of the past few quarters.  But today's action is impressive as this has been one of the few momo names still standing, in a quarter that has demolished a lot of others.

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