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PENN Entertainment, Inc.PENN Entertainment, Inc.PENN Entertainment, Inc.

PENN Entertainment, Inc.

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PENN trade ideas

C&H StrugglingPENN is struggling to say the least and looks to be trading in a cup and handle pattern. Possible break out at 39.5 Short interest is fairly low. Earnings 8-6 BMO Stop is below the handle low or the mid cup level. The handle low has held so far. If I really like a stock and think it will go all the way, I go with my gut and get in at the handle low due to the support that can be there Targets: 52 61 67 Target 2: 82 to 92 This one is failing to break out after hitting a high of 40.14 recently. I am keeping an eye on it.
NASDAQ:PENNLong
by lauralea
Why I KNEW Airlines Are Going Green On The Open?- 06/11/20 RECAPHi traders, Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance. But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money! Trades: 1) GOLD, LONG @25.71, -1.05% 2) MRNA - LONG @64.55, -0.55% 3) CSCO - SHORT @45.98, +1.38% 4) PENN - SHORT @28.94, -1.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.29% Total PnL for the week: -3.34% Good trades, Tom | FINEIGHT
NASDAQ:PENN
by Fineight
2
Should See 25ish soon.25 may be a good entry point for PENN. Became way overbought during the casino rally and is finally correcting. Should see a bounce off the daily trend line which is also a support zone from Dec-January. This also may be around the time we get more confirmation on sports opening up and potential Barstool Gambling info. I currently own July expiration 30 puts and plan to start a long position around 25 if this is confirmed. Note: I don't know what I am talking about, so do your own due diligence and good luck.
NASDAQ:PENNShort
by lroman90
1
The whole board of the company bought shares before the rally. The whole board directors of the company bought shares during the last correction previous to the big rally that broke levels previous to COVID. Anyone really thinks that everyone is going to jump into casinos to burnt the little money they saved before getting fired?? Remember that many of the gamblers belongs to poorly educated people. Gambling is no more than a tax that those who doesn't know mathematics has to pay. Do you think that developing an online app is going to solve anything? The market of online gambling already have a leader and it is DKNG (www.tradingview.com) DKNG didn't even feel the impact of COVID. Is PENN going to beat DKNG in their own field starting so late?? This is a clear manipulation. Check the name of insiders who hear the whispering and bought before the whole manipulation of the price happened. If check the chart you can see it's already drawing to the shape of shoulder- head- and when we get a second shoulder everything will blow up letting the retail investors with an useless asset and the insiders with all your money, because they are already jumping (check the increasing selling volume during the last days) May13'20 BUY David A. Handler  Other  27.8K     500.0K May13'20 BUY Jay A. Snowden  Dir., Pres. &...  27.8K     500.0K May13'20 BUY Jane Scaccetti  Board Director  2.8K     50.0K May13'20 BUY David A. Handler  Other  27.8K    Information provided by the Interactive Brokers portal.
NASDAQ:PENNShort
by JuanBluer
1