Priceline Needs To Have Some Healthy Paranoia
By Ed Pandos:priceline.com Incorporated (PCLN) and Expedia (EXPE) are both online travel companies. Priceline has been the darling of the momentum trade for early 2012. From a current technical perspective, based on the current corrective biased of the markets, Expedia is rising on higher volume, while Priceline is in a corrective pattern.Even though Priceline is on many conviction buy lists at many brokerages, Expedia is starting to gain momentum. We may start to see Expedia as a momentum trade as we head into the second half of the year. Both companies are locked into a battle of the European markets and European sales are critical to both Priceline's and Expedia's growth.Fundamentally, the companies are vastly different. Although both support a very similar PE with Priceline at 30 and ExpediaComplete Story »
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