Penn Channel Seeing a pretty simple upwards channel in a lot of the online gambling stocks. I think these will continue to have some relief if the overall market can continue to recover. However, using a tight stop may be smart with current economic conditions.by muffetwarren5
PENN NATIONAL GAMINGPenn National is on such an uptrend its hard to pinpoint any trends right now. Ill come back to it next week, but for now ill start a chart. Not enough data to support it yet, but i think PENN is on the track recovering all its corona losses in the next few weeks as more states open. I added the Keltner Channel indicator because it works for almost anything. Like I said, Ill be back next week to update the chart when we have some more data. Dont forget to drop a "LIKE" if you agree. by Dorcy724852212
PENN NATIONAL GAMING INC Hey, traders. Cherry on the cake for those who love and understand how to trade false breakouts. Let's look at the chart. After the fall, the paper practically bought it back. From 14.05.2020 there was an unbridled growth. Think about it: 6 days of growth by 85%! And there's no pullback. We have a strong short level ahead of us, formed by the upper limit of the pullback in a downtrend. By the way, the level is confirmed several times. It approached the level at big bars. If you know how to trade a false break-down, go ahead. Shortby AllexMlUpdated 445
Penn National Gaming $PENN$PENN is struggling to break $18.74 so far. RSI is weaker than previous high. by TheBullseye4
PENN channel bottomPENN is at the bottom of the channel which matches up perfectly with the 200 EMA. A bounce up from here is likely. Breaking the 200 EMA would be a trend reversal. Strong MACD histogram going into a bounce normally indicates a bounce. Longby CoinCarter118
Thoughts on PennJust some short term thoughts on Penn. have a descending triangle with target and a possible adam and eve set up. I have a bullish set up as well if anyone wants that posted but this is my primary thoughts. Shortby Devin567115
Penn National Gaming On breakout alert Nice trade zone approaching on a break above $16Longby Bullishcharts42
$PENN National Gaming Ascending triangle forming Low price resistance above breakout level Longby RedHotStocks17
$PENN Lures Traders in at Monster Technical SupportPENN has a clear MACD bullish divergence now in place as the stock rebounds off of a very important long-term support level in place going all the way back to 2008 and the global financial crisis.by GregFolin116
Penn Gaming 1 hr graphShort term looks BEARISH according to Fibonacci Retracement evaluation. It got rejected by the first resistance level 12.04 followed by a red candle and is headed down towards 52wk low. Long term this is extremely Bullish considering its revenue is growing at an increasing rate year over year. I expect this to be back to the mid 30s following this dip Longby aschodrof324
$PENN Pump and dump. BTFDId say this would be worth the risk. As long as the company doesnt collapse...Longby bigAL_crypto1
PENN-BARSTOOL become the face of all forms of legal gamblingThe current weekly chart is simply not parabolic enough for this partnership. The partnership of a generational media company already well versed in gambling combined with a brick and mortar casino company just blew the doors open. Current USA laws are now enemy number one for Dave Portnoy's bottom line. This will shift the tide of lobbying money behind the scenes along with already increasing numbers of how online products can increase brick and mortar numbers. Barstool sportsbook, barstool pizzerias inside casinos, barstool poker, barstool blackjack, the possibilities are endless with a battle tested following. This stock will quadruple in 5 years or less. First stop $50-$55Longby tigoee117
Penn National Gaming Bottoming AVERAGE ANALYSTS PRICE TARGET $26.83 AVERAGE ANALYSTS RECOMMENDATION BUY P/E RATIO 20 SHORT INTEREST 11% COMPANY PROFILE Penn National Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast; South and West; Midwest; and Other. The Northeast segment consists of the following properties: Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, and Plainridge Park Casino. The South and West segment comprises of the following properties: Zia Park Casino, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, M Resort, Tropicana Las Vegas, 1st Jackpot and Resorts . The Midwest segment the control the following properties:Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Lawrenceburg, Hollywood Casino St. Louis, and Prairie State Gaming. The Other category segment race operations in Rosecroft Raceway. The company was founded in 1982 and is headquartered in Wyomissing, PA. by RedHotStocks11
$PENN going up to complete the pattern?I guess we'll visit the 19 on Tuesday then we'll go down again, what do you think?Longby waelghamUpdated 226
Few support down here with hammerProbably will bounce hard MFI, RSI pointing up, MACD crossing up. Only thing missing is CCI not really above 60, yet. My plan: Stop limit buy above previous hammer close and SL under long lower shadow and penny. Just learning support resistance... Not a recommendation, set your own plan, do your own DD. Longby pepestar752
PENN heavy purchase by CEOBought at the recent lows and price is already 10% higher. Either he has firm belief in the company or knows something. Both are good signs. The only "black stone" is the risk reward/ratio. Tread your pathLongby AshermUpdated 4
$PENN Breaking out to new ATH$PENN Breaking out to new ATH - upside to $40Longby Triple_Barrel_Capital1
PENN - Momentum BreakoutPENN has been a strong uptrend for most of 2017, as shown on the weekly chart. Also, the weekly chart shows that we are at a measured move target for the first leg of a move that began the week of 1/20/17 at $13 and ended around $21.1. Assuming a L1=L2 move, the target would have been $29.30. Prices have consolidated around this level on the Daily chart and are offering a MOMO entry. The prices have nice consolidation between Darvas levels, propulsion and a strong Wave. Earnings are 1/25/18, so we do not have to worry about unexpected volatility on a short-term move. I am looking for a $30.10 entry. SL. 27.90 Profit: 30.80. I do not necessarily like the options available for PENN. The Jan18 options are close to the 30day decay window and the April18 options would be a time premium with small open interest. However, Christmas holiday approaching, I would like the additional time, so I will be buying April18 30 Calls on a break of $30.10. Longby TradingBandito06Updated 5
PENN is experiencing its 3rd break out for the year (LONG)Stock is breaking out. I see another +5 points or so from here Earnings scheduled for 10.26.17 Longby ShortmetinaUpdated 4