Priceline Group Entering Danger Zone

Priceline

shares are trading lower by $$7.48 at $1183.61 in Wednesday's session. It is trading lower for third time in the last four trading session after peaking on March 5 at $1242.00, before falling back to close at $1231.90. That ended the monster rally from its FEbruary 18 close ($1122.99), which was instigated by Q4 beat for EPS ($10.85 vs. Est. $10.09) with better than expected revenue ($1.84B vs. Est. $1.80B). It added nearly $100 following the release from $1122.99 to $1218.05 for the following day. The issue is now entering a lightly traded area that leaped over as a result of the earnings beat. The gap in price goes all the way down to its February 18 high ($1129.98).