The Volume is good and indicators are still on the side that the 113 - 115 price is the recent support and there is still enough momentum for PENN to go higher as gaming expands.
Drafkings has continued its run despite strong competition and that leads me to believe that this is one of the few SPACs to take seriously. I believe that there is strong momentum behind names like this even though a lot sports gambling season hype is over.
Earnings may tell a different tale, but Drafkings still is one of big companies to grow with the industry,...
PENN has had a ton of momentum powered by the barstool synergy and over all bullish sentiment of Sports Gambling growth and expansion. The likely retracement to 50% level as that has been seen before this year creates an opportunity for those who want to get in on the trade and momentum at a discount.
