Priceline Rebounds from Low Valuation
[PostStockWidget pricetype="live" manual_date="Nov. 1, 2012, 6:24pm GMT" symbolcodes="'PCLN'" symbolprices="0.0,0.0" div_align="right"]
Priceline (PCLN) reported Q3 earnings last night that beat consensus and guided Q4 forecast above current view (See Priceline Jumps as Q3 Beats). The stock is opening higher this morning. Purple Chips Premium Members were alerted to PCLN in mid-August following their acknowledgement of EU slowdown European Uncertainty Derails Priceline. Our low valuation signal was triggered in August and revisited again over the last couple weeks. The stock has rebounded strongly off of that low this morning based on last night's results. Continue to watch the Low Valuation levels as an important indicator in your own research to identify good opportunities at reasonable valuations.