Priceline com (PCLN) NewsBite - PCLN Upgraded By Citigroup

Posted on Friday, August 15, 2008 2:13 PM
Priceline com (PCLN) was upgraded today by analysts at Citigroup and the stock is now at $102.52, up $0.60 (0.59%) on volume of 1,075,514 shares traded. The analyst upped PCLN to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $69.20 to a high of $144.34. Priceline com stock has been showing support around $98.89 and resistance in the $103.95 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 85 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

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