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PENN Long - One Dip, Everybody Knows The Rules.Penn has experienced a substantial drop in share price due to a correlated attack from Business Insider against CEO David Portnoy being released the same day as an earnings miss. The CEO of Business Insider is barred from ever trading securities again in the United States derived from a history of insider trading. Penn Is a large player in the Casino industry and have been seen in recent years branching out to other forms of media. Long story short - Penn is highly-highly undervalued in this position and the market will soon capitalize on the opportunity. I typically don't post equity charts but this one is free money. -xx HoodChef
NASDAQ:PENNLong
by hoodchef
1
BUY PENN around the $70-75 range for a move up to $105!Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania. It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports. With the US consumers sitting on over $5.4 trillion of additional savings as a result of the COVID-19 pandemic we believe that Penn National Gaming will benefit from the large consumer spending spree that we expect to sweep the US in the second half of 2021. In addition to that, people who like to bet on various sporting or racing events were severely limited in terms of betting options throughout the last 12-16 months. With things slowly but surely going back to normal despite the new highly contagious Delta variant, we believe that Penn National Gaming is uniquely positioned and will likely see strong revenue and earnings numbers in Q3 and Q4. Last but not least, let's not forget that Barstool Sports is basically a digital content producing company focused exclusively on sports. Thus, with the return of the NFL pre-season starting in August and the actual season in September, Barstool will be a strong driving force for Penn National Gaming's stock moving forward. Lastly, we should also point out that Barstool Sports launched the Barstool Sportsbook back in September, 2020 which is basically a betting app, and handled over $11 million in wagers during its first week of operations! It definitely seems that the stars are aligning almost perfectly for PENN and as a result of that we believe that the stock will be trading above the $100 mark by mid-September latest. From a technical standpoint the chart also shows the presence of a strong bullish interest around the $70 level. All major daily indicators including the Stochastics, RSI, MACD and Bollinger Bands are also pointing to a strong reversal in play. Our targets for the 8-10 weeks will be $105 and $120 respectively. Good luck guys and remember to always do your own research as well!
NASDAQ:PENNLong
by DowExperts
Explaining Bars, Graphic Guide Part 8As one of the most popular types of business charts, a bar chart provides a lot of information to technical analysts. As a result, it enables traders and investors to come up with thoughtful trading strategies, designed to take advantage of the market, allowing traders and investors to profit from different values. To better understand a bar chart, you must learn its different parts. High - is at the peak of a single bar. Represents the highest price for the day or time period you are using. Open - This is the first price a security first trades at and only occurs when the stock market opens for trading. This is represented by a horizontal bar near the foot of the vertical bar. Low: As the lowest price traded during the day, it is at the foot of the vertical bar. Close: As the last traded price of the day, it is represented by a horizontal bar that projects towards the ad on the right located near the top / peak. During this time, traders are supposed to exit a trade or complete transactions before the market closes. Direction: The bar graph indicates the direction and is represented by the opening and closing feet. What you need to know is that if the opening foot is above the closing foot, it indicates upward progress. When the closing foot is below the opening foot, this indicates that the price has moved down. Range: is represented by the location of the top and bottom of the vertical bar. The Range value is calculated by subtracting the minimum from the maximum. A bar chart belongs to OHLC charts or Open-High-Low-Close chart types and as such is formed through the connection of a series of price points. As a result, the chart is plotted on the X and Y axes. The X axis represents time which is represented in terms of days, while the Y axis represents price. Bar Chart (OHLC) OHLC = Open,High,Low,Close Well, for simplicity, let's look at an example of the OHLC bar. Now let's see how this bar is created: The first thing that forms is the horizontal bar that appears on the left side. Then a vertical line begins to form that will be in motion for the duration of the time interval that we have chosen. The upper end of the bar will be the maximum price, while the lower end will be the minimum price. Finally, once the vertical bar is formed, a horizontal line will appear on its right side that will indicate the closing price of the bar. Let's remember. Always, always, the opening price is on the left, regardless of whether it is above or below the horizontal line on the right. If the horizontal bar on the left is below the horizontal line on the right, we will say that it is a bullish bar, since the price has closed above the one it opened. On the contrary, if the bar on the left is above the bar on the right, we will say that it is a bearish bar, since the price closed below the opening price. Let's better see an example of each one: The left horizontal line informs us of the opening The right horizontal bar informs us of the closure Finally, comment that there are different types of bars and sizes. It is possible that the opening and closing prices are the same, or that the bar has no maximum or no minimum or, absence of both. What we have to be clear about is that it will always have a price that opens and another that closes the bar. Here are some examples of bars for clarification. 1- Opening and closing at the same level without any movement occurring. 2- Opening and closing at highs 3- Minimum opening and closing 4- The closing coincides with the minimum 5- Opening at the maximum 5- Open coincides with the high and close coincides with the low 6- The open and close coincide, but the bar makes lows and highs There are more types of bars, for example with the opening at the lows and the closing at the highs, among others. Finally, although the bar chart provides us with all the price information, it has the disadvantage of not being so visual and can be confusing if we are not used to it. Bar Features: It is a unit of measure within different trading platforms. Considering it more or less the size of the predetermined time. You are looking at a 1d period graph. The Bar will have the value of 1d. Period. If you see it in graph 1min, the bar will have the value of 1min. - Bars in 1d time. - Bars in time 1min. If we realize Bars does not have "Shadows" they are only lines which already includes the shadow within its line and its crossing to the next Bar would be the closing price. This would be a way to see at which closing price for more accuracy. In any case, you are not interested in seeing the shadows and only visualizing the movements of the asset's value. Keep in mind that this is a guide that I am developing from the most basic, until I advance to where I know, if you are interested, follow me.
BINANCE:BTCUSDEducation
by UnknownUnicorn18500526
2
PENN Long And StrongI think PENN is oversold. The country is reopening and sports will be back in a BIG way. And do you know what's bigger than sports? SPORTS BETTING! PENN Nationals merger with Barstool Sports, a media company with hardcore sports fans was an end game move! They will be the biggest and lead the way for other sport betting companies. Sports betting will be legal in all 50 states in the future, the tax incentives are too massive to pass up. Barstool Sports book is only in 2 states so far, and already setting records. It's up only from here. Long PENN and prosper my friends! Cheers. I think PENN will be trading around $185-200 by 2022.
NASDAQ:PENNLong
by SinnerMass
PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher. Short term meaning one-two hour charts. Always do your own analysis prior to taking any trade this is for educational purposes and not investment advice.
NASDAQ:PENNShort
by skmcgee
$DKNG and $PENN - Betting on BettingFor anyone who remembers the death spiral of March 2020 with $DKNG trading at $10.60 and $PENN trading as low as $3.75 you are either riding the wave or watching in wonder. Even with the impossible runs both have taken off their 2020 lows many debate where this “sports betting” trade will go? Some points of consideration: Size of Market Since the PASPA repeal in May 2018 approximately 50% of the U.S. has some form of legalized sports betting. This number is a little misleading as a state like New York is included even with the very limited access to betting markets through Tribal agreements. When you consider California from a strictly GDP perspective you are talking about an economy roughly the size of the U.K.. And when you look at California, Texas, New York and Florida which are all starting to lean into true legalization conversations you are talking about 36% of U.S. GDP in those four states alone. The other major component when trying to figure out total addressable market is the black or grey market for sports betting. The legalization of sports betting did not create a new market for sports bettors, it simply created access to one onshore in the U.S.. The debate for how big the black market is a fair one and only one part of it, the other is how long until it can be migrated onshore if at all. When looking at market caps and market share it is clear that the original assumptions of the market were too small and are a major reason for the sustained push higher in the gaming sector with $DKNG and $PENN clearly out performing. As new states come on it should make you reconsider the true size the market to better align price targets. Nielsen 2.0 Many debate the true value of both $DKNG and $PENN because those familiar with the sports betting industry understand that a sports book typically is a very low margin business (5-6%) that requires major expenses to acquire new customers with cost per acquisition being reported well over $1,000 per depositing player. If we take a step back and look at what a digital solution will offer operators we can begin to see the forest through the trees in how sports book and large gaming operators will be positioning themselves over the next 3-5 years. In one word, data. If we fast forward to 2025, who will know more about the sports fan than $DKNG and $PENN? Who will have access to mold and monetize the fan experience? When I was a kid I would watch Sportscenter on repeat. Today, these companies know every key stroke we make. The value of that data defines the true value of these companies in my opinion. Conclusion If you stop to consider both $DKNG or $PENN as marketing companies who are attracting players for other products like igaming or hospitality you can begin to see a true path to what I believe they are working towards. The recent M&A across the gaming and media space is a lesson in effective distribution. The momentum has been started with COVID and the March 2020 lows with digital channels becoming critical to future success. The sports betting trade continues to be bullish as it will lead to much more than a single bet. Remember, as the old time gamblers will tell you, “sports betting is only the thing that gets you the thing”. Author Scott San Emeterio CEO, BallStreet Trading - Hosting real-time markets on live sporting events. Real-Time Super Bowl Markets with Top 100 traders winning $20 each - Free to Play
Editors' picks
NASDAQ:DKNG
by playBallStreet
31
PENN-BARSTOOL become the face of all forms of legal gamblingThe 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 along with already increasing numbers of how online products can increase brick and mortar numbers. Barstool sportsbook, barstool pizzerias inside casinos, barstool poker, barstool blackjack, the possibilities are endless with a battle tested following. This stock will quadruple in 5 years or less. First stop $50-$55
NASDAQ:PENNLong
by tigoee
1