Let's check the charts.
In our last review on April 14, we wrote that "So far so good. DKNG is correcting and still pointed down. Let's wait and see if we get a test of the top end of the $53-$48 area noted above. This could be a buying opportunity. Stay tuned."
Prices declined quickly in May but have recovered.
In this daily bar chart of DKNG, below, we can see that prices have firmed up and are trading above the flat 50-day moving average line and the rising 200-day line. It looks like we could see a close above the June high to improve the picture. The On-Balance-Volume (OBV) line shows improvement from a May low. The Moving Average Convergence Divergence (MACD) oscillator is bullish.