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priceline.com Bearish Moving Average Crossover Alert (PCLN)

By Amy Schwartz

Today, shares of priceline.com (NASDAQ:PCLN) have fallen below their 10-day MA of $1875.62 on a volume of 585K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, priceline.com has traded in a range of $954.02 to $1927.13 and is now at $1817.18, 90% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of priceline.com on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,420.99. Since that recommendation, shares of priceline.com have risen 34.5%. We continue to monitor PCLN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Priceline.com

Ticker(s): PCLN