Priceline.com Close To Challenging 200 Day MA Support Level

Priceline.com Inc. PCLN started with a gap-down opening on Tuesday after the online travel firm missed analysts' Q1 sales forecasts and just managed to meet the profit estimates. However, the only highlight was that the Priceline.com Inc. (PCLN) continues to trade in the session above its 200 day MA for long term support. Priceline.com Inc. (PCLN) showed a major slide on Tuesday, following the disappointing Q1 results for 2010. Priceline.com Inc. (PCLN) has also mentioned that it fears its Q2 results to fall well below forecasts because of travel disruptions stemming from debt woes and volcanic ash in Europe and riots in Thailand.