Chart of the Day: Is Caesars Following Travel Stocks Higher?


Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength.

The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino operator pushed above it at the end of the last quarter and returned there on Monday. Further upside from here could make traders think resistance is fading.

Bollinger Band width has also …

For more, please click here to view the related idea and chart analysis on TradingView.

Caesars Entertainment (CZR), daily chart, with selected patterns and indicators, courtesy of TradingView.
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