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Priceline.com starts to get interesting around 650. 650 would confirm the break out of this longer term bull flag, and would be above the highs from 9/18. You could start to position yourself for a true breakout of this range above Friday's hod of 643.88. For options traders, the spreads on PCLN are usually pretty wide, so play accordingly. I would not short/buy puts until the price breaks below 611.44 (lod 10/2). If it breaks below 611.44, chances are the down trend continues and a break out of the flag will need more time.
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