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Priceline's Decline Finds Support In A Familiar Area

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Priceline Group Inc (NASDAQ: PCLN) shares were seen trading lower by $27.00 at $1,802.83 in Wednesday's session. The issue is under selling pressure along with most of the major indices.

After a lower open, it managed a brief rally to $1,820.46, before continuing its move lower. At this time, the issue is finding support in a familiar area. Following its first-quarter report, the issue's nearly $100.00 decline the issue found support at $1,801.00 on May 10. Again on May 11, the issue found support just under that level at $1,800.71. Once again, that area has found buyers, as the current low for the session stands at $1801.23. Also, those lows coincide with its April 27 low of $1,800.28.

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