Priceline.com (PCLN) NewsBite - PCLN Hits 52-Week High of 312.50
Posted: Thursday, September 02, 2010 10:34 AM EDT
By: Market Intelligence Center Staff
Priceline (NASDAQ: PCLN) hit a new 52-Week high of $311.05 so far today. PCLN is getting support from news that initial jobless claims unexpectedly fell by 6,000 last week, giving traders a little optimism ahead of tomorrow's crucial unemployment report. Currently the stock is up $3.88 (1.26%) to $310.72 on 188,851 shares traded. Today's high is up $163.82 from a 52-Week Low of $148.68. Priceline has been showing support around $289.75 and resistance in the $315.39 range. Technical indicators for the stock are neutral and S&P gives PCLN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PCLN the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 280 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Priceline com (PCLN) Stock ReportSee what our analysts have uncovered about Priceline com (PCLN).