- DraftKings is an online gambling app that has recently had some Negative talks from a short seller due to partners who were allegedly involved in illegal activities.
- DKNG has had unusual options activity aiming for a 10% increase within the next month.
- The stock has broken out of a descending triangle and looks to have some positive gamma momentum of bullish sweepers continue to step in.
- Targets are $56 and $58 by early October with a stop loss set at $51.
Comment:
All targets achieved, taking 75% off the table and riding the rest.