PENN NATL GAMING INC

Penn National Gaming Daily Daily chart analysis, NASDAQ US Stock PENN

NASDAQ:PENN Penn National Gaming, Weekly Chart Technical Analysis.

PENN has broken out of a previous downward channel & now seems forming a inverse Head & Shoulder formation. It also looking like a ascending triangle breakout with significant increase in moneyflow. We think it will test its next resistance around $17.30 * Trade Criteria * Date First Found- March 15, 2017 Pattern/Why- Inverse H&S Entry Target Criteria- Break ...

Looks like one of those big head and shoulder/triangle dealies to me. See if it breaks up or down. I'm betting up but will wait and see :)

PENN is running within a upward channel and now its declining from upper line of the channel. We would like to take the opportunity as it declines towards lower channel line. And if it declines further it can form a Hand & shoulder and go as low as $10. Trade Criteria Date first found- January 18, 2016 Entry Target Criteria- Break of $12.97 Exit Target ...

There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.

PENN also running within a downward channel. Recently It is showing strong upward momentum, seems it is just breaking out. Moneyflow is also very good in positive side. Trade Criteria Entry Target Criteria- break of $14.29 Exit Target Criteria- First Target- $16.27; Second target- Momentum Stop Loss Criteria- $13.47 You can check our detailed analysis on ...

In my opinion this is the clasical simetrical triangle. Do you have other opinion? I think it is about 68 % to rich the target acording to Bulkowski.

$PENN broke falling wedge on daily to upside. Now in a coil around mid 14s. If it can hold the 50, look for a move to the 200 in the 15s.

There is a good chance that price may decline up to 29% from today's close. Real-time alerts go www.2waytrading.com