|Day Low/High||52.85 / 56.52|
|52 Wk Low/High||10.60 / 64.19|
Wynn has been severely crippled by the pandemic, but the company could be in a position to grow significantly with some great leverage and properties.
Unfortunately, I envision a very big fall coming to many of the names that have run triple-digits over the past month or so.
It is the nature of trading to be caught by surprise and the most important thing is to just take it in stride the best you can.
Here's how I see the action now, and my take on new public offerings and the current worry of some investors.
The technical patterns of Boeing, Bristol-Myers Squibb and DraftKings are worth tracking for potential buys.
Sports gambling online isn't the pinnacle to profits. iGaming, or online casino games, are much more profitable.
Comments by Mitch McConnell, Jerome Powell and Christine Lagarde had impacts on the market Thursday.
* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...
One of the research projects I have been working on over the last few weeks has been . The bottom line is that I am price sensitive - I would be a $36-$38 buyer in the name - it almost got there yesterday morning.
Let's keep an eye on PENN and keep an open mind on the rest.
We're waiting for buy signals that tell us when it's worth placing bets on these two stocks.
Charts and indicators for DKNG look weak.
Looking at the 3 D's: Disney, DraftKings, and Domino's.
Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.
The warrants are trading at a fairly heavy discount.
I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.
So let's have Caesars take us there, as the casino name looks set to run to a new 52-week high.
The parabolic stop-and-reverse has flipped bullish, so momentum and trend continue to favor the bulls. Here's how I'm trading it.
We have gone from banning former players for shaking hands and smiling for pictures to inviting sports gambling right into the venues that house the events themselves.
The charts and indicators of DKNG are looking a little risky for longs.
Speculative chasing has slowed and there's only a small handful of big movers.
The stock has a V-bounce appearance to the price action.
The DKNG scenario is like a football game, with bulls on one side of the line of scrimmage, and bears on the other side.
We may be seeing the beginning of a change in market leadership.