PENN is a runner that I think will end the week above $75.
Now that NVDA stock has gotten caught up in the stock-market pullback, let's see what the charts reveal.
The October bullish put spread sale opportunity here presents an attractive risk vs. reward.
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.