Hello Traders,

I was checking out some recent earning news and this chart jumped out at me. Looks like a nice inverted head and shoulders (bullish signal) has formed and new highs for Priceline.com is looking strong. Notice the 200 SMA is pushing up the price. The only concern comes at the psychological and resistance price area of 1300. The bulls seems to be testing the 1300 area, and if that is cleared I am looking for 1400 to as a target.

Happy Trading,

Jay Trader

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