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After Yesterday's Rally of 1.98% Shares Could Potentially Pullback

By Amy Schwartz

Priceline Group (NASDAQ:PCLN) traded in a range yesterday that spanned from a low of $1,948.26 to a high of $1,989.04. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $1,955.69 on volume of 272,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Priceline Group 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 Group have risen 36.9%. We continue to monitor PCLN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Priceline Group have traded between a low of $1148.06 and a high of $1989.04 and are now at $1983.93, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders priceline group

Ticker(s): PCLN