Penn 110 + next 10 days or less
it looks like penn really likes this 100 area.
Its currently holding at the bottom of the BB, and below all of its moving averages.
140 is a great PT, but I think it just rose too quickly for people to hold. Lots of volume on 6/18 calls. Earnings is likely to crush but i think we see a move up 7-9 dollars in the next week or so, then likely slowly move to 120 before earnings. Long term I am bullish, Obviously with CEOs this vocal and volitile you are likely to swing a bit more.
i dont see much downside from its current spot.
Its currently holding at the bottom of the BB, and below all of its moving averages.
140 is a great PT, but I think it just rose too quickly for people to hold. Lots of volume on 6/18 calls. Earnings is likely to crush but i think we see a move up 7-9 dollars in the next week or so, then likely slowly move to 120 before earnings. Long term I am bullish, Obviously with CEOs this vocal and volitile you are likely to swing a bit more.
i dont see much downside from its current spot.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.