Priceline.com Inc. (PCLN +$20.08 or +9.43% to $232.95) gapped up today and hit a new 52-week high, triggering a technical buy signal while rising from a 9-week base. It returned to the Featured Stocks page today and was color coded yellow with pivot point and max buy levels noted in the earlier mid-day report (read here). In the most current (C criteria) quarter ended December 31, 2009 its sales revenues and earnings showed impressive acceleration yet again with increases well above the +25% minimum guideline. It has powerfully rebounded above its 50 DMA line and is now free from resistance due to overhead supply. Annual earnings growth (the A criteria) has been strong. An overriding concern currently is the M criteria which argues against new buying efforts until a solid follow-through-day from at least one of the major averages occurs.

Now listed in the Leisure-Services group to better reflect its primarily travel-related online services, PCLN was listed in the Internet - eCommerce group in the past.  A summary of CANSLIM.net's past coverage and the stock's subsequent action was published on 11/07/08 under the headline "Multiple Sell Signals Preceded Big Price Decline" . That write-up explained the stock's weak action after it had been dropped from the Featured Stocks list after its 200 DMA violation on July 2, 2008.  PCLN was first featured on Friday, November 09, 2007 in the CANSLIM.net Mid Day Breakouts Report after gapping up over the $100 threshold (read here). The current action may be signalling the beginning of another considerable and sustained rally.