April 17th, 2011
PCLN is a stock that has been doing nothing but going up and up over the last few years. You might look at PCLN daily and weekly chart and think that it has to come back down at some point and we agree but the time is not right to short this stock.
We have had a $590.00 price target on PCLN for some time now and we are still sticking to that target. Once PCLN hits the $590 level it could be a great short but for now we would stick with the uptrend with this stock.
Happy Trading,
www.eMiniSchool.com
No comments:
Post a Comment