PENN Penn National Gaming Daily Chart NASDAQ US StockPenn National Gaming Daily Daily chart analysis, NASDAQ US Stock
PENN
PENN
PENN , Penn National Gamin Weekly Chart AnalysisNASDAQ:PENN
Penn National Gaming, Weekly Chart Technical Analysis.
PENN - Inverse H&S formation Long from $15.50 to $17.27PENN 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 of $15.50
Exit Target Criteria- $17.27
Stop Loss Criteria- $14.74
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$WYNN ellipse breakoutText-book ellipse breakout with expanding volume, what a beauty! Huge upside potential, $PENN is looking wonderful too.
Yeah I said it....ellipse breakout!!
gaming casino stocks moving up? $LVSI 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 - short from upper channel line to lower line, possible H&SPENN 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 Criteria- First target $12.07; Possible second target $10
Stop Loss Criteria- $13.47
Trade Status: Pending
(Note: Trade update is delayed here.)
PENN- Downward channel breakout trade from $14.3 to $16 & higherPENN 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 PENN in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 7:35"
Trade Status: Pending
$PENN falling wedge break and 50 MA test$PENN broke falling wedge on daily to upside. Now in a coil around mid 14s. If it can hold the 50, look for a move to the 200 in the 15s.
