Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Denny Crane’s Last Stand


To put the PCLN weakness in perspective, consider the monthly timeframe, below.

Despite being down big today after earnings, the stock is struggling to hold onto the 20-period monthly moving average (orange line).

If it loses that reference point, I expect much more downside in the coming months, perhaps below $900.

Either way, this is an example of another market leader in shambles and categorically not confirming the recent highs in the Nasdaq.



Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter


  1. scarface

    Denny Crane, a man as crazy as the markets lately.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. a99kitten

    Since he told me my wolf ears were cute at New York Comic Con, he can do no wrong 😉

    • 0
    • 0
    • 0 Deem this to be "Fake News"