PCLN Set to Rebound After Yesterday's Selloff of 1.82% Mar 21, 2014 --PCLN traded in a range yesterday that spanned from a low of $1,267.64 to a high of $1,316.99. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $1,272.17 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, PCLN share prices have been bracketed by a low of $677.72 and a high of $1378.96 and are now at $1269.52, 87% above that low price. The 200-day and 50-day moving averages have moved 0.93% higher and 0.96% higher over the past week, respectively.
I was merely posting what MarketWatch said. Based on the Malaysian PMs announcement this morning, it seems there was a decompression followed by a "Payne Stewart" situation on that ill fated Malaysian 777. A zombie flight is a good reason for PCLN to lose $50. It will recover though, this week, so buy calls and sell puts.