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
Portnoy
$PENN LONG - First Target $110.00 PENN Gaming reversing from an oversold area looking to bounce off its 200 day moving average, in my opinion $80 is a fair price for a swing towards $110 near term. Not only is this respecting its support line near $75, but its trendline since August of last year. $110 is a conservative target, considering its trading range near $140 in March. Negative MACD value at these levels can give this reversal a lot of momentum to the upside if the market agrees with pushing this higher