Nice Break from Priceline.com Inc.

On Friday, the market experienced a slight drop. However, one of the most important aspects was the lack of big moves in stocks. Both movements, increasing and decreases, in general terms, were small. This type of behavior prevents the occurrence of good breaks.Remember, you can gain 67% with breakouts. One of them was Priceline.com Inc. (PCLN). This company provides price-disclosed hotel reservation services on a worldwide basis with approximately 185,000 hotels and accommodations in 160 countries primarily under the booking.com, priceline.com, and Agoda brand names.
On Friday, this stock closed at US$ 645.86, representing an increase of 1.34% in relation to a day before. Its volume was 1.15 Millions of shares, almost 20% more than its daily average. The Market Cap. of this company is US$ 32.16 Billions, its P/E is 31.28 and EPS is 20.65. Finally, there are 49.80 Million of shares, of which over 90% is owned by Institutional Investors.
In Technical terms, the most important of this stock can be seen in weekly time frame (see next chart). There was the breaking of abase of price current since April last year. This means that after a consolidation period of 10 months, this stock makes a breakout and reaches a new high. For a stock with performance as good as this stock, this should be the beginning of a new and important way up.