PCLN

PCLN is another one that has been mentioned recently, you may recall that the only thing I wasn't too keen on, was the fact that there hadn't been a convincing breakout above local resistance at the $520, area, that's happened and now the volatility is looking toppy. This would be a major trend change for PCLN and if it comes through, I would imagine there are a lot of traders in the long trade full throttle on margin as it's been trending higher for a very long time.

 Price action that is a little uncommon for PCLN. Also note the volume, the large volume spike isn't as interesting to me as the smaller clump of increased red volume.

 Here's the 1 min chart

 The 5 min chart

and the 15 min chart.

Again, there's a couple of ways to play it as mentioned yesterday, getting in here with a stop that allows for a little upside, or the more reliable confirmation of a false breakout if price crosses back below $520 or so. It's kind of the opposite of a short squeeze,