Priceline In Extremely Negative Technical Pattern

Priceline Group Inc (NASDAQ: PCLN) shares are trading lower by $9.50 at $1127.46 in Monday's session. It is trading lower for the eighth day in a row. In each of those sessions, it made a lower high and a lower low, which is an extremely negative technical pattern.

Over that course of time, it has fallen from its December 29 low ($1302.40) to its current level.

At this time, it is trading well below its Flash Crash-low of $1151.01 and may be heading for its July low of $1103.45.