2-12 PCLN had a lot of volume on Friday and it gapped down, then trading down the first 2 hours PCLN rallied back leaving a nice bearish candle w/ a long wick. Indicating buying pressure. Short term- If PCLN gaps up Monday could be a nice day trade. With earning coming in a week I wouldn't stay in the trade too long but it's possible PCLN could trade to 1044 and if PCLN closes above 1051 PCLN could make a strong run before earnings. It's expensive so be careful. If PCLN closes below 969 bearish but wait till after earning. Prediction PCLN trades up the next few days then trades back down again just before earnings and earning we get a nice gap up.
interesting. seems to be having some resistance near 1051 at this moment, but will probably be taken out today if market remains crazy bullish. you think they have hedged the FX enough to report a beat on earnings AND good future guidance, esp with all the poor forward looking on Europe weakness?