Flutter Entertainment is a leading global sports betting, gaming and entertainment provider. The company's portfolio includes a variety of well-known brands such as Paddy Power, Betfair, FanDuel, and PokerStars. Flutter Entertainment operates in a multitude of markets worldwide, offering a diverse range of entertainment services, from sportsbooks and exchanges to poker, casinos, and other games.
Potential investors might find Flutter Entertainment appealing due to its significant and sustained growth in the stock market. Over the past year, its stock price has increased by 86.44%, indicating a robust performance. The company's stock has also shown positive momentum in the shorter term, rising by 53.32% over the past six months and 8.30% in the past month. Even the week's performance shows a slight increase of 1.74%. The only minor dip is a 0.59% decrease today, which could be seen as a natural market fluctuation or a momentary pause in an otherwise upward trend.
The performance of Flutter Entertainment's stock suggests that the company has been successfully navigating the challenges and opportunities of the sports betting and online gaming industries. These sectors have seen substantial growth recently due to a shift in consumer behavior towards online platforms, a trend that has been accelerated by pandemic-led restrictions. As a key player in this rapidly expanding industry, Flutter Entertainment is well-positioned to continue benefiting from these trends.
The impressive price performance and the company's position within the growing online gaming industry may attract both growth-oriented investors and those who follow momentum investing strategies. However, as always, potential investors should conduct thorough due diligence before making any investment decisions, as stock performance is influenced by a wide array of factors, from the company's own financial health to broader market and industry trends.
In terms of any kind of short term entry, I would want to wait for a pullback to below an RSI of around 55 with an indication of the uptrend continuing in order to get better value. For risk management, a trailing stop loss of around 12% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
Not trading advice. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
Potential investors might find Flutter Entertainment appealing due to its significant and sustained growth in the stock market. Over the past year, its stock price has increased by 86.44%, indicating a robust performance. The company's stock has also shown positive momentum in the shorter term, rising by 53.32% over the past six months and 8.30% in the past month. Even the week's performance shows a slight increase of 1.74%. The only minor dip is a 0.59% decrease today, which could be seen as a natural market fluctuation or a momentary pause in an otherwise upward trend.
The performance of Flutter Entertainment's stock suggests that the company has been successfully navigating the challenges and opportunities of the sports betting and online gaming industries. These sectors have seen substantial growth recently due to a shift in consumer behavior towards online platforms, a trend that has been accelerated by pandemic-led restrictions. As a key player in this rapidly expanding industry, Flutter Entertainment is well-positioned to continue benefiting from these trends.
The impressive price performance and the company's position within the growing online gaming industry may attract both growth-oriented investors and those who follow momentum investing strategies. However, as always, potential investors should conduct thorough due diligence before making any investment decisions, as stock performance is influenced by a wide array of factors, from the company's own financial health to broader market and industry trends.
In terms of any kind of short term entry, I would want to wait for a pullback to below an RSI of around 55 with an indication of the uptrend continuing in order to get better value. For risk management, a trailing stop loss of around 12% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
Not trading advice. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
Comment:
Small move upwards.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
FIND TRAILING STOPS: SuperTrail.io
FIND COINS BREAKING OUT: CoinRaces.cc
MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o
MEXC FOR CRYPTO: bit.ly/47QCeNR
FIND TRAILING STOPS: SuperTrail.io
FIND COINS BREAKING OUT: CoinRaces.cc
MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o
MEXC FOR CRYPTO: bit.ly/47QCeNR