New to this stock. has the setup i like, empty space lots of money and has broken out the box. looking forward to seeing how this plays out. prob looking at next week contracts or the week after.
Penn Entertainment announced a net loss of $358.8m for Q4 2023, a quarter in which the operator launched its ESPN Bet sportsbook.
ESPN Bet, the product of Penn’s $1.5bn deal with Disney-owned ESPN, launched across 17 states on 15 November. Penn’s Interactive segment recorded revenues of $31.5m in Q4, although its adjusted EBITDA loss stood at $333.8m.
Revenue...
If you haven`t bought PENN before the previous earnings:
Then analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.28.
If these options prove to be profitable prior to the...
In the dynamic world of gaming and entertainment, Penn National Gaming (PENN) stands as a resilient player, breaking through the barriers and seizing strategic opportunities. While facing challenges, the company's innovative approach and strategic partnerships position it for substantial growth. In this article, we will delve into the factors that make Penn...
On December 11, 2023, PENN stock exhibited positive performance, as it traded in the middle of its 52-week range and remained above its 200-day simple moving average. These indicators suggest that the stock has been relatively stable and could potentially continue its upward trend. The price of PENN shares saw a notable increase of $1.81 since the previous market...
penn has been making lower lows through time but has made falling wedge. The 150 SMA is like a resistance to the price and I think that when we will Break the 150 Ma and the red box we can go up to 96 precent (if we close the gap and touch the Fibonacci retracement) the Fib levels are exactly in place to make that technical analysis perfect!
Warning: most of...
NASDAQ:PENN - looks like a triple bottom formation. Have we finally bottomed out? RSI appears to have diverged from price. Will price follow in the coming weeks? NYSE:DIS deal with ESPN and the upcoming football/basketball seasons should give a boost to this stock.
Analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week,
I would consider purchasing the $25.50 strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
The stock PENN trading at $26 presents an opportunity to potentially reach $36, offering a profit of 38.5%. With a risk of only 4% at a price of $25, this trade has a favorable Risk-Reward Ratio (RRR) of 1:10.
Casino pick for a casino stock yieaaaah. Timing has been tricky on this baby, for risk averse masters, wait for breaking the resistance. For everyone else we are the resistance!
$29 here we go. Buckle up.
Nice double bottom on the daily chart. This is 1% ROI for 39 days. In line with what I like.
The 200 sma on a M chart is at $21 and some change. With this double bottom, I think it is time to begin to watch PENN for a buy low, sell high. ;-)
notes of thesis on chart. will be watching this closely in the coming weeks, its peer DKNG has already gone up 150% this. This lagger looks to be getting some attention, lets hope its enough. Could be time to play catch up
