PENN Entertainment, Inc.
Long
Aggiornato

PENN Bullish flag breakout from consolidation

158
PENN has formed a very nice flag pattern with tightening consolidation. Yesterday the stock price exited from upper channel line and during pre market this morning it went up even more, resulting gap on opening. Went long during pre market session at 59.5
The momentum is confirmed with crossing MACD signal and bounced up stochastic.
Will keep it as a swing trade, for couple of days. Target will be around 75-80
Trade chiuso manualmente
Closed the trade, at 68.08 due to forming kangoroo tail and declining MACD and Stochastic

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