Downloading...
Download

PCLN

$AMZN vs $BKNG (aka PCLN Priceline) Dead Even Race Amazon NASDAQ:AMZN is Blue Priceline (renamed NASDAQ:BKNG Booking Holdings recently (and oddly) is Orange. White vertical line indicates most recent percentage change flip flop since market bottom in early 2009. Priceline has been beating AMZN since July 2019, 5 months ago. Why? If trade war related, then Amazon is undervalued currently, since there’s apparently a trade deal that’s happened. If it’s not, then discount travel online brokers is ironically winning the race against online retailers. Or they’re neck and neck at a minimum... Hmmmm
NASDAQ:AMZN
by jgeno
1
Drop or Pop - Killer time cycle!It's clear to see that some of the colossal swings in this name are.......well, cyclical I came across this a few years ago before I started to trade names like PCLN and I was quite astonished by this pattern. The next cycle date in January 2018 so I'll be trading this again, long or short depending on the conditions at the time. Obviously you'd only trade off this pattern when there is a clear overbought or oversold condition. PCLN does trade under 1M shares a day so be aware that this name can move quickly and overshoot levels by a long way! Anyway I thought I'd share this with you all. Let me know your thoughts :)
P
by JoeFlahive
Has the beast topped out?Up-sloping trend lines of resistance on larger time frames will often offer short periods of selling and for this reason I wouldn't short this for a long term trade unless you get a reason to do so, ie high volume reversal - this is still a strong name!. That said, I thought it was worth noting this pattern since it's only the 3rd touch of the line and with significantly less volume on the monthly chart. PCLN has a few good trend lines that always seem to work out nicely but this one is MASSIVE. It will be interesting to see if we break above or we break down before the seasonal rally!
PShort
by JoeFlahive
PCLN -- FEB 26TH 947.5/957.5/1212.5/1222.5 IRON CONDORPCLN announces earnings tomorrow before market open, so look to put on this play before today's close. As noted in my post early this week regarding this week's earnings play prospects, PCLN's options are somewhat illiquid, so look for a fill of any setup at or above the mid price and resist the urge to chase price for a fill ... . You can naturally play with the width of the wings and/or or the width of the short option strikes to give you a setup that fits your risk tolerance. Here's the metrics for the basic setup: PCLN Feb 26th 947.5/957.5/1212.5/1222.5 Iron Condor Probability of Profit %: 71% Max Profit: $341/contract (that's the mid price; I regard the likelihood of a fill there quite small) Buying Power Effect: $160/contract (not sure that's correct, but it's what the software's telling me if you shoot for a fill a 3.41) Break Evens: 954/1216
P
by NaughtyPines
THIS WEEK'S EARNINGS PLAYS VIA OPTIONS -- PCLN, ESRX, DEI ground through a large number of next week's earnings announcements, thinking I might find a nugget or two to play via options, but was somewhat disappointed. I've never played ESRX before, which announces on Tuesday after market close, probably because I'm not a fan of anything remotely pharmaceutical for these plays beyond the "uber" names like LLY and AMGN. Price gyrations can be wilder than the garden variety earnings announcement and ESRX has been subject to being "Hillaried," a phenom which can occur at any time ... . Naturally, there's PCLN, which announces earnings on Wednesday, but the liquidity in the options is horrible, with wide bid/ask spreads which increases the likelihood that you won't get a fill on any setup at a fair price -- at least at the mid. Given the quality of the liquidity, however, it might be worth attempting a fill of a setup a good ways above the mid price and see if it goes ... . If it doesn't fill, pass on a play; it just isn't worth chasing price on an underlying with options as crappy as PCLN's. DE, which announces on Friday before market open. My guess is that the company's performance -- like other machinery companies with heavy export reliance (e.g., CAT) -- will continue to flag on Greenback strength, so I may look to skew any setup a tad bearish, particularly since the bounce off of 1/20 low of 70.16 (even though I usually assume a directionally neutral stance on these plays, since it's impossible to gauge market reaction to any particular announcement). Naturally, there are other earnings announcements that could be played in some other fashion (e.g., trading the underlying directly), but these are the only ones having the hallmarks of good premium selling plays: (1) high implied volatility rank; (2) high implied volatility; (3) option liquidity (with the exception of PCLN); and (4) the availability of weeklies.
NYSE:DE
by NaughtyPines
2
PCLN Breakdown of longterm top, short opportunity?PCLN formed a nice top over the time of almost a year. In the beginning of october the price broke below the major support zone that was its lower boundary during this stage 3 topping phase. PCLN moved about 9% lower and rebounded to the prior support zone. The volume has risen during the decline and contracted nicely during the intermediate term uptrend (the rebounding phase) confirming the bearish signal of the breakdown. Back in this supporting zone we would like to see it hold. Ideally we would like to see the intermediate term trend topping out and then starting to decline, suggesting an ideal entry point to this trade. Every stop loss should be customized to personal profile but I see a good opportunity for the stop just above 1210, which would be right above an important structural level which has acted as S/R before and right above the 30 week MA (150d). This would return a loss of about 6.5% from a potential entry point.
PShort
by Gnome
4
PCLN Ready to move back up? PCLN is back on my radar as they're pricing out a large debt issue. Typically this is done before a large share buyback or a major acquisition. Whether this is good or bad for the stock is up for debate, but it does mean a catalyst for volume will be coming. I'm personally opening up a long position as there are three indicators like: PRICE - This stock has slipped almost 10% over 4 weeks on no news, sitting close to it's 4 week low. I see this as a value since there has been no major shift in management or real sentiment in this company. The stock bounced on 1150 which seems like an important psychological level. I'm setting a stop loss here as a safety, since $1152 is a fairly strong support level. MACD - The histogram is back on the bullish side, and the fast line is making a relatively clean cross over the slow. This is typically bullish, but the past few macro events have been pushing it down. VOLUME - The volume level appears to have double bottomed and is starting to accumulate. Watch this closely, as it starts to creep back up, traders will be accumulating positions. This will serve as confirmation for any major movements.
PLong
by stephen.punwasi