Sports Betting Surge
Penn Entertainment is demonstrating strong bullish momentum, with a gap forming around the $16.00 level. A breakout above the $21.37 daily resistance would signal further strength, positioning the stock to target $27.21. This setup offers an attractive risk-to-reward ratio, with a stop-loss set at $16.46 to manage downside risk.
Penn Entertainment’s position in the gaming and sports betting industries provides a solid growth platform, with the continued expansion of legalized sports betting acting as a significant tailwind. The company’s innovative partnerships and its focus on digital and mobile betting platforms further enhance its market potential.
For a deeper dive into this setup, check out my YouTube breakdown, where I discuss the technical analysis and market trends driving this trade.
With both technical momentum and strong industry fundamentals, PENN is well-positioned for a bullish push toward $27.21.
PENN
Penn Entertainment’s position in the gaming and sports betting industries provides a solid growth platform, with the continued expansion of legalized sports betting acting as a significant tailwind. The company’s innovative partnerships and its focus on digital and mobile betting platforms further enhance its market potential.
For a deeper dive into this setup, check out my YouTube breakdown, where I discuss the technical analysis and market trends driving this trade.
With both technical momentum and strong industry fundamentals, PENN is well-positioned for a bullish push toward $27.21.
PENN 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.