After consolidating a large move, Priceline.com (PCLN) was trading under $246 for a few weeks.  That level was breached today, and you can see the power of the breakout trade below. 

Which is why you don't want to be shorting anything that breaks out of a consolidation pattern....

Within the next few days we might finally reach the panic buying stage; today seems like the beginning stage.

No position

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