Playing The Fire In Priceline Without Getting Burned
Currently trading above $466, priceline may retrace to $445.23 which was the March 1 closing price and 20-day exponential moving average that now serves as support. To hedge against risk from a sustained move higher, if the stock retests the all-time high of $474.74, breaks through and holds above that level, shorts should consider exiting their positions.
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