52 is a tough level. I would wait for CHWY to break and hold over 52 to go long. I would use a tight stop loss if CHWY breaks under 52. If CHWY fails at 47.55 it can fall to 45.70, 43.89. I would go long over 52, or go short under 50, or you can wait for it to break under 47.55. *There was lots of Bullish Flow on Friday.
DraftKings Inc. operates as a digital sports entertainment and gaming company. It provides users with daily sports, sports betting, and iGaming opportunities. It is also involved the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. I like this as a long term company too but...
$PENN is struggling to break $18.74 so far. RSI is weaker than previous high.
PENN has a clear MACD bullish divergence now in place as the stock rebounds off of a very important long-term support level in place going all the way back to 2008 and the global financial crisis.
Id say this would be worth the risk. As long as the company doesnt collapse...
The current weekly chart is simply not parabolic enough for this partnership. The partnership of a generational media company already well versed in gambling combined with a brick and mortar casino company just blew the doors open. Current USA laws are now enemy number one for Dave Portnoy's bottom line. This will shift the tide of lobbying money behind the scenes...
DIS Disney who owns ESPN has a few commonalities with sports betting and that's the NFL season ( Sept. - Feb.) * Last Sept. to Feb was a strong run for the markets, so comparisons used here to show sector trend. * Overlay SP500, NAS100 to know better than market * Overlay sports betting Churchill Downs (CHDN), Penn Gaming (PENN), and Boyds (BYD) Gaming * ...
PENN has been a strong uptrend for most of 2017, as shown on the weekly chart. Also, the weekly chart shows that we are at a measured move target for the first leg of a move that began the week of 1/20/17 at $13 and ended around $21.1. Assuming a L1=L2 move, the target would have been $29.30. Prices have consolidated around this level on the Daily chart and are...
Penn National Gaming Daily Daily chart analysis, NASDAQ US Stock PENN
NASDAQ:PENN Penn National Gaming, Weekly Chart Technical Analysis.
PENN has broken out of a previous downward channel & now seems forming a inverse Head & Shoulder formation. It also looking like a ascending triangle breakout with significant increase in moneyflow. We think it will test its next resistance around $17.30 * Trade Criteria * Date First Found- March 15, 2017 Pattern/Why- Inverse H&S Entry Target Criteria- Break...
Text-book ellipse breakout with expanding volume, what a beauty! Huge upside potential, $PENN is looking wonderful too. Yeah I said it....ellipse breakout!!
I really like to see the kind of wide agreement we are seeing in price action among the gaming stocks. I'm not yet willing to buy into this but am feeling a blast to the upside coming especially with the big inverted head and shoulders in motion.
PENN is running within a upward channel and now its declining from upper line of the channel. We would like to take the opportunity as it declines towards lower channel line. And if it declines further it can form a Hand & shoulder and go as low as $10. Trade Criteria Date first found- January 18, 2016 Entry Target Criteria- Break of $12.97 Exit Target...
PENN also running within a downward channel. Recently It is showing strong upward momentum, seems it is just breaking out. Moneyflow is also very good in positive side. Trade Criteria Entry Target Criteria- break of $14.29 Exit Target Criteria- First Target- $16.27; Second target- Momentum Stop Loss Criteria- $13.47 You can check our detailed analysis on...