Priceline Retreats From Near Record Levels

Priceline Group Inc PCLN shares are trading lower by $30.00 (2 percent) at $1572.31 in Tuesday's session.

Two days removed from making its all-time high ($1605.47) and all-time closing-high ($1602.92), the issue is finding some investors willing to cash in on its recent gains.

After lower open, it couldn't reclaim Monday's near-record closing price of $1602.31, only reaching $1599.41 before resuming its move lower.

At this time, it has matched Monday's low at $1571.00 and is attempting to rebound. If the decline continues, the next support based on the daily charts doesn't come in until its January 25 low of $1565.26.

The company doesn't report Q4 earnings until February 15.

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