Priceline (NASDAQ:PCLN) has been trading in an extremely tight consolidation mode over the last 7 sessions, including Thursday’s. Will it stay in the current range until earnings is reported in 2 weeks?

After bouncing off its post-Brexit intraday low of $1148, when the stock saw a loss of 13% of its value, PCLN has recouped all but 3% of its pre-Brexit losses.

Ending today's session at $1339, PCLN continues to move within the narrow 7-session price action between $1325 and $1365.

The stock still remains above its 50-day MA of $1297, as well as the 200-day MA, at $1273.

PCLN has been lagging the gains of the broader market indices during this period, and while both the Dow and S&P 500 Indices have more than regained their post-Brexit losses, the on-line travel giant can’t quite catch up.

The narrow trading pattern for the stock could continue until August 3, when the company announces its earnings numbers.

PCLN is trading exceedingly choppy, as can be seen in the string of recent tight PayDayCycle bars and dojis. The stock’s PayDayCycle status today is neutral.

PayDayCycles are 4-8 day trends in stocks that help people swing trade. To learn more about PayDayCycles make sure to grab the free Swing Trading Class on the right sidebar.

The current mid-term Over/Under is 1394/1206, with the former resistance and the latter support. However, a break out of the current tight range of 1365/1325 could offer a clear indication of PCLN’s next trend.

The MACD remains crossed over to the bulls, but the trend clearly favors the bears, as today ended with a sixth consecutive red bar. A bearish MACD crossover may be lurking.

Bottom Line: No obvious signal is being offered for either the bulls or the bears right now. However, should this tight pattern continue into earnings, it’s the perfect set-up for a straddle, as PCLN has a recent history of extreme moves following earnings.