Priceline.com Near the 200 Day

Published on Thursday, 26 January 2012 08:32 Written by Christopher Lynn

New York, January 26th (TradersHuddle.com) - Shares of Priceline.com Incorporated (NASDAQ:PCLN) traded at $528.35 close to its 200 day moving average currently set at $504.28. Priceline's price action is just above this key support level, and it will certainly raise traders attention, as a possible trading opportunity.

Priceline.com Incorporated (NASDAQ:PCLN) operates as an online travel company that enables consumers to save money on a variety of products and services. The Company allows customers to name their own price on products or services and communicates that demand directly to participating sellers or to their private databases. Participants include domestic and international airlines, and hotel chains.

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $438.76 and calculated resistance at $527.05. These levels will certainly be watched by traders, as they provide insight into the latest price dynamics defined by Priceline.com stock.

Traders wanting to establish a position on Priceline.com will be looking at the price action for evidence of buying near the 200 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.