I am always aware of typical historical strength that lies ahead. Along those lines, it's important to note that the Dow Jones U.S. Travel & Tourism Index ($DJUSTT) has been the fourth best industry group in terms of February performance. priceline.com (PCLN), a component of this index, not only shows this same strong historical strength, but it outperforms its peer group during the month of February. So keep in mind that investing in PCLN in February in the past has been extremely profitable. Here's how PCLN has performed during each calendar month over the last 19 years:
Average monthly gains are clearly the strongest for PCLN from January through April. PCLN has already shown strength during January and I'm expecting see more strength over the next few months, especially if a technical price resistance level near 1600 is cleared.
Happy trading!
Tom
