Priceline.com (PCLN) witnesses a healthy correction
By Mark Moneymaster
November 11, 2009 1:06 PM
November 11, 2009 1:06 PM
Symbols: PCLN
Priceline.com (NASDAQ: PCLN) was facing a correction mode on Wednesday by mid-day trades, as the Priceline.com (PCLN) stock slipped to $197.5 from $204.22 on Tuesday's closing.
However, despite the minor sell-off in Priceline.com (PCLN) stock, the long term technical trend in stock continues to be very strong, due to the fact that the stock continues to be in a breakout zone.
The sell-off in Priceline.com (PCLN) came following the major spike witnessed on Tuesday in Priceline.com (PCLN) stock, following the bumper quarterly results released by Priceline.com (PCLN) earlier this week.
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