In looking over this six-month chart of Priceline (NASDAQ:PCLN,) we can see how the 800-lb. gorilla of the online travel industry is riding a strong short-term bullish trend that may be enough to breakout of its recent 4-week sideways range.

The current uptrend, which followed last week’s doji, was indicated by the green bar that followed, offering a good opportunity for a swing trade. Even cautious traders, who like a second green bar after a doji to further confirm a new trend, still found some profit as the stock continued to show gains over the next several days.

The sideways trend, started at the end of February, saw $1364 as resistance, while $1265 served as the support level.

After 3 days running of testing that upper level, resistance seemed to hold. Still, we’ll set the next level of resistance at $1479. A ways off, but with earnings slated to be announced on 5-4-16, it’s not an impossible level to achieve.

In January, as we mentioned last week, PCLN faced a substantial drop following the crossover of its 50-day MA below the 200-day MA. (See large gold circle in chart.) Often a harbinger of a sell-off, that’s exactly what happened. Meanwhile, last week’s crossover, this time with the 50-day moving above the 200-day MA, and therefore favoring the bulls, did indeed foreshadow an uptrend. (See smaller gold circle.) Now we’ll see if the trend has legs to carry on into next month’s earnings announcement.

PCLN’s over/under now has $1479 as the bullish over and $1265 as the bearish under. The stock is likely to find some support at about $1279, where the 50-day MA ended Wednesday.

PCLN PayDayCycle Status is now +3, with today ending slightly above yesterday’s closing high following Tuesday’s bullish doji. The stock’s current PayDayCycle is now in its 7th day.

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 MACD ended the day in the green, running the bullish trend to 10 days. The current run had enough momentum to carry it above the zero line, where it has spent most of the last 3 weeks. So MACD is definitely showing bullish momentum.

Overall, PCLN continues to trend bullish, though with 3 days running of testing resistance but failing to break through, it might be time for the stock to take a breather before making another push north.