Stock Tips for Today: Priceline.com Inc. (PCLN)

Hello my Investors, Traders and Reader Friends. Stock Trading. That seems to be the name of the game. Yesterday, the market closed with mixed results. The DJ-30 fell slightly and the SP-500 and the Nasdaq rose slightly. This means... nothing happened. But behinds this "flat market" hide some important issues. On the one hand, the market opened almost 1% below the previous close. The initial volumes were very high. Everything seemed that it would be a negative day. And possibly, the start of a generalized correction. However, from 10 in the morning, the market began to rise. And do not stop until noon. By then, had recovered all the losses. Was perceived enthusiasm. However, from that moment, the market was very quiet. Suspiciously quiet. Below this, be hidden a process of rotation of stocks across sectors. If this rotation is consolidated in the followings days, we will see major changes in the prices of many stocks. Very good opportunities are present in front of our eyes. Our Stock Picks System has identified a large number of stocks that have been consolidating their prices during the last months. And now they are ready to make major breakouts and restart the way up. This is critical time. It is convenient don't take action as these stocks before the break. It is reasonable to wait for now and take action as these stocks jump from its price bases. Meanwhile, I present you a stock that has already made his break. It is Priceline.com Inc. (PCLN). This stock closed yesterday at US$ 591.54, up 0.19% on the previous day. Its volume was 1.9 millions of shares, almost double the daily average. PCLN has a Market Cap. of US$ 29.45 Billions, P/E of 31.30 and a EPS of 18.90. It also has 49.78 millions of shares, of which is 95% by institutional investors. The most remarkable aspect of this stock is their breakout. That, because represents a jump of a price base starting in May of last year. That is, after a consolidation of nine months This would put this stock in a position to initiate a significant price increase.

No comments:

Post a Comment