The Traderszone Network

Published in TZ Latest News 24 October, 2015 by The TZ Newswire Staff

Priceline – Will It Be A Repeat Of Google And Amazon?

I don’t like to place bets into earnings reports, but priceline.com (PCLN) sure does look to be a replica of Amazon (AMZN) and Google (GOOGL).  AMZN and GOOGL both reported strong results in July and gapped significantly higher.  After pulling back for several weeks to fill their gaps, both stocks rallied just before their next earnings releases to challenge the July highs.  Then just before earnings, we saw minor selling episodes with both exploding higher as they easily surpassed Wall Street consensus estimates.  The same pattern has developed for PCLN.

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