I ended up taking a long position in Priceline (PCLN) and now I'm forever cursed the rest of the day with the "Price.Line. Neg-o-ti-a-tor!" theme song.
The two things about this trade that interests me most is the breakout of the 3-day consolidation pattern of late, and the solid amount of price(line) support at $630.
So I took a long position at $644.80, with a target at $681 and a stop at $630 (when the share price is this high, I don't fret about exact pennies).
Here's the Trade Setup in PCLN.
Be sure to check-out Ryan's Blog at SharePlanner.com
