I would probably rather play this name from the short side, but the risk must be contained.
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.
A bearish divergence is a 'heads up' that you need to pay closer attention.
Look to trade PII from the long side.
The charts and indicators of BC suggest further gains are possible.
I'm focused on the short-term picture for a trade here.
It's hard to say this will be a hole in one, but ELY appears like it will work higher and a breakout over the highs of 2018 will be possible.
Prices could break out on the upside for further gains but right now I think a pullback of some degree is in order.
In the past two weeks PLNT has weakened and closed back below the declining 50-day moving average line.