Several insider buys in 2024. We are looking for a break above 20.03(aggressive) or 20.53(conservative), stop signal below 18.43, target 1: 23.30 target 2: momentum,
New to this stock. has the setup i like, empty space lots of money and has broken out the box. looking forward to seeing how this plays out. prob looking at next week contracts or the week after.
Penn Entertainment announced a net loss of $358.8m for Q4 2023, a quarter in which the operator launched its ESPN Bet sportsbook. ESPN Bet, the product of Penn’s $1.5bn deal with Disney-owned ESPN, launched across 17 states on 15 November. Penn’s Interactive segment recorded revenues of $31.5m in Q4, although its adjusted EBITDA loss stood at $333.8m. Revenue...
If you haven`t bought PENN before the previous earnings: Then analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week, I would consider purchasing the 25usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $2.28. If these options prove to be profitable prior to the...
In the dynamic world of gaming and entertainment, Penn National Gaming (PENN) stands as a resilient player, breaking through the barriers and seizing strategic opportunities. While facing challenges, the company's innovative approach and strategic partnerships position it for substantial growth. In this article, we will delve into the factors that make Penn...
On December 11, 2023, PENN stock exhibited positive performance, as it traded in the middle of its 52-week range and remained above its 200-day simple moving average. These indicators suggest that the stock has been relatively stable and could potentially continue its upward trend. The price of PENN shares saw a notable increase of $1.81 since the previous market...
NASDAQ:PENN seems ready for breakout atleast to 22.5 to start with in short time frame
Analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week, I would consider purchasing the $25.50 strike price Calls with an expiration date of 2023-8-11, for a premium of approximately $0.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
DKNG is one of those cult stocks where a lot of eyes were on this name during last year. Now it feels like most people abandoned this name and already gave up on it. So real good for a breakout chance. PENN already broke out today. DKNG can follow it. Above 14 can see 14.64, 15.54, 17.20 Jul 20 15C can work
support looks great, price has reacted pretty well. possible falling wedge breakout also
Weekly Bullish div on MACD-H and EFI. We do see 4 EFI diverging locally in the latest decline.sRSI is about to to a strong degree it seems, and might tick up. Daily: FB and 1st HL, impulse green. Might possibly start a new uptrend and fullfilling the weely setup "Entry: around 44 TP1: 57,14 TP2: 62,9 R/R Ratio
And that means Wave C is confirmed on some level. Wave C or Y of a more complex WXY type pattern. It is unclear which it is at this stage, as it is only early day of the last leg, but it does not matter as both scenarios are bearish. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci...
Current trend and past trends are all leading to a similar point (sometime in Feb), plus we had a nice little drop on earnings which could have put this stock on a really good path up to $100. People love to gamble, and DK is spending a lot of advertising. Will it get there?? I'm not sure, however.. It's not crazy to think DK and Penn start to run again this...
We can see the giant Inverted Head and Shoulders on the daily chart, which is now further stretched down to $45. I think this fall is enough, to confirm major long term downtrend, unless the trend reverses and holds above $87, which seems far away from the current price.
All, Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for...
All, DKNG here obviously a typical buy area, but market + ER I still have to be careful here. I 10000% would add to watchlist. Worst I see it getting is 33-26 range a little lower.
Yesterday seemed like an overreaction to earnings and bad news all at the same time. Using Aspen Trading Support & Resistance Levels, a move above 62.75 will trigger buying into a long position. PENN is fundamentally strong. The stock is on sale and it has already started an upward move in the market after-hours. Please like, share and follow if you agree...
1st Target : $60 Long Call: Buy 4x 21st Jan 2022 $45.00 Call @ $1.95 Entry cost: $780.00 (debit) Maximum risk1: $780.00 Est. return1 at target price: $5,220.00 (669.2%) Probability of profit: 21.3% 2nd Target : $130 Long Call: Buy 16x 21st Jan 2022 $75.00 Call @ $0.49 Entry cost: $784.00 (debit) Maximum risk1: $784.00 Est. return1 at target price: ...