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DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in...
Someone could be hedging their bets in sport-betting stock DraftKings (DKNG). Check out this options activity yesterday morning: A trader purchased 27,000 October 10 puts for $0.94.At the same time, he or she sold 27,000 October 15 calls for $1.59. There was no open...
The U.S. economy took a hit last month, but investors may find new opportunities as they come back from the summer. A wave of initial public offerings (IPOs), changes in Federal Reserve policy and technology news could prove catalysts in coming weeks. We'll consider...
NCAA basketball is reaching its finale with the baseball season about to start. It's a great time revisit companies with exposure to sports betting. Led by stocks like Penn National Gaming (PENN) and DraftKings (DKNG), sports-betting is a new industry. It was made...
On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle...
Barely two years ago, sports betting was legalized in the United States. Now investors are getting excited about sports-betting stocks with football season less than a month away. Roundhill Sports Betting ETF (BETZ) hit a record price yesterday and has made new...
Stocks began August on a strong footing, with some potentially big changes happening in the market. The S&P 500 rose 2.5 percent between Friday, July 31, and Friday, August 7. The index has now retraced its entire decline since the coronavirus selloff began in...
Some casino stocks are moving as investors focus on sports betting and the economy reopening. However certain key names are lagging. Penn National Gaming (PENN) led the rally with a 13 percent gain. It jumped into sports betting by moving to acquire David Portnoy's...