I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.
This does not look like the time to gamble on a rally.
The trend is still up but there are other clues to point out.
The longer-term trend of the stock is still up. Here's our latest analysis.
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.
Traders should be more defensive as the trend strength has been waning.
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.
I find the charts and indicators positive and would go long HAS at current levels.
Here's how to trade NVDA now.