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DRAFTKINGS INCDRAFTKINGS INCDRAFTKINGS INC

DRAFTKINGS INC

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DKNG1 trade ideas

DKNG finally has breakout :))posted DKNG was gearing up for a solid breakout. they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark. i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb. today it broke out of the channel and i sold 10 of my 30 contacts to take some profits. lets see what happens and ill sell the rest. companys alway retrace back to the channel (blue lines) so when doing so be cautious
NASDAQ:DKNGLong
by TradingPapi_
1
DKNG fair wind on our sideGo with the flow of good earnings. Put/Call Open Interest Ratio 0.35 Put/Call Volume Ratio 0.38 Growing analyst forecasts For info (26/02/2021): DraftKings reports Q4 revenue $322M, consensus $232.6M "With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322M in fourth quarter revenue, a 98% year over year increase," said Jason Robins, DraftKings' co-founder, CEO and Chairman of the Board. "In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance."
NASDAQ:DKNGLong
by arturayupov
Update on DKNG trade: near target, on trend, bullish indicatorsDKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well. Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily. Entry point: Below $65 Price Target: $100 Stop Loss: $50
NASDAQ:DKNGLong
by EBITDAtiger
Draftkings on Discount with strong support at 58Drafkings 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, and I think the price will continue up through a choppy market. I'm not a financial expert, and this isn't a recommendation.
NASDAQ:DKNGLong
by sheehanm4