PENN Entertainment Inc. (NASDAQ:PENN)
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- champ: This Day-Trade $PENN at $17.00, might turn into a swing.
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scottrades: ...
I vividly remember Swing Trading $PENN during the 2020 and I traded it from $13 to $17 and thought I was a genius. I then got distracted, couldn't find an entry I liked and watched it go to $140 without me. I used that experience to teach me a lesso ... - bill52: @scottrades $SPY $QQQ $TSM $NVDA $MSTR $FBTC $PENN $META Scott - outstanding morning note. I've been working on the same concept around maintaining a core position to ride a longer trend and trade around it for the zig zags. I agree that it can really test your nerves at times when you get the mild pullbacks as you never know if its something larger is looming especially after the last couple years. However, leaning on key technical landmarks definitely helps a bunch. I continue to make my fair share of dumb mistakes, but the are getting smaller and less costly. Thanks for the insight as you do a great job of articulating it.
- champ: $CZR, I'm holding this position, however #all of the Casinos are working.....$MGM $LVS $WYNN $RRR $PENN $DKNG and others.
- wijimmy: @scottrades $DKNG @scottrades, @crodmm, @champ ....$DKNG .. I was just reading that and getting ready to post..... Barstool and Portnoy took down $PENN.. Don't know if I like that marriage .. That guy is a Magnet for negative news.... but very entertaining
- champ: $PENN is HOD/strong... and has new #News to look at..#ESPN secured their New-Platform in North Carolina........ ....and new Hotels projects, additions, 2-in Illinois, another 1 in-Ohio....... ....plus another 1 in Las Vegas, with a #partnership with the #Las-Vegas-Raiders...... ....and it sure looks like it finally found its legs and could be moving back-up....... ~~~~Looks like...... All-Aboard for new Entries...like I just said, it sure looks like the beginning of new #Entry-timings for the future....for Hold and Build positions.
- champ: $PENN $CZR $BJ $LNG....I took profits on these stocks today...only because of pending News.
- champ: $CZR and $PENN also had nice closes.
- champ: I'm swinging these 11 positions that I just re-caped below.......$BOOT $LULU $GPS $BIG $OLLI $SN $CZR $PENN $GTLS $CMC and $KMI....and I took profits on all of my other tech trades during the week....and also on $TSLA.
- champ: Looks like all the $CZR gamblers...just keep on gambling...and $PENN doesn't know where to place their bets either.
- champ: $CZR....#Caesars is is getting some buyers today, for next week, could work-out to be a nice swing position...... and I'm also still holding my $PENN position. Casinos are busy and are booked during the Holidays.
- champ: $PENN.....this is Now my only swing position, for now.
- champ: @bigbartabs $INTC $NDX....Thanks....they had an upgrade this morning.....and I'm now Out of the Markets....only holding $PENN, for now. Now I'm taking a Break..... Did you get a lot of rain, up at your place......
- bigbartabs: @champ $INTC $NDX $PENN ... rain, not very much yet. Probably going to hit us at 1400 feet tomorrow some time. The Sierras were nice and white a few days ago... but only stayed a day or two. I can't see up there at the moment since socked in this morning. I expect you have got more rain in Monterey than we so far.
- champ: @bigbartabs $INTC $NDX $PENN ......not very much down here either, however now...I don't have to water the yard, however maybe in the next few days.......
- bigbartabs: @champ $INTC $NDX $PENN ... rain means a lot these days. Several years ago when our El Dorado County water district began jumping our water prices every year... I planted 500 Christmas Trees and 27 Olive Trees... and became a small farm. Still not cheap, but at least our rate is now makes sense.
- champ: @bigbartabs $INTC $NDX $PENN .....Nice now we can call you a Farmer......how long before you can start selling your X-Mas trees.....
- champ: $PENN is HOD, up 3.75% and is outperforming, they are the leader of the pack this morning.
- champ: $PENN is HOD, up 4.85% and next week is when the $ESPN-Bets starts and all of ESPN game anchors, all of their sport announcers...will be pushing their new betting-app on all of ESPN's games. ~~~~Game-on, Risk-on, Place-your-Bets!
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champ: ...
....but still holding $CZR $PENN $CPA $KMI...and $CRI was a New swing trade in the last hour... because I saw some new News......
....however I took full profits on these bounce-Day-trades....$TQQQ $URPO $SSO $SOXL $INTC $EXPE $MSFT $HLF $TSLA $HSY ... -
champ: ...
....and my only swing trades for now are, $DKNG, $CZR and $PENN and these are running flat for now and I haven't been swinging size, because I took most of my profits already off, however I would like to add back, if these stocks and the Markets...l ... - champ: I took full profits on $PENN today.
- champ: $PENN....still working and another #Insider bought/added another 4400 shares on 11/6 at $22.83.
- champ: $MGM....is at $36.50 and is on a #Pre-earnings move, they will report on 11/8/after. $CZR $PENN and I'm also holding both of these swings. On $PENN....#ESPN-Bet is planned to launch on November 14th.
- champ: $PENN...their ESPN-Bet launch 11/14, will be before the Thanksgiving sports calendar week..which is huge and that includes NCAA college football rivalry week........ .....plus before Super Bowl and ESPN's Monday Night Football....... And the #News is......the ESPN SportsCenters #anchors will be on an advertising campaign and thats in the ESPN-contract.... that they will really be pumping their 200 million fans to do all of their sports betting on #ESPN-Bet, which is now owned by $PENN, as we all know. .....Looks like all of the sport betting #Bookies, are going to lose most of their customers.....they will become obsolete...dinosaurs, because high-tech is going to put them out of business.
- champ: $PENN is hanging in nicely...and I'm guessing that I'm going to swing.
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champ: ...
I'm currently holding $CZR $MGM and $PENN.
~~~~Watch for Entries.........
- champ: $FND $PENN $INTC...I'm still holding these swing positions from yesterday and I added $XOP this morning.
- champ: $SSO $XOP $BOIL $INTC $WING $FND $PENN $DRI $WW......these are my current positions that I'm holding.
- champ: Another Nice day, Day-2...with a nice close, the tech $COMPX close on HOD and the $DJI also had a nice close, almost on HOD....... ....I'm not getting carried away....however I'm still swinging a few positions.....$SSO $XOP $PENN $FND $INTC $WW and a huge position in $SWVXX...... ....$AMD beat on earnings and thats positive for my $INTC position. ....$CZR had a real nice beat on their earnings, record setting and thats positive for my $PENN position.
- champ: #New short-term swing-trade........$PENN at $18.50, this Casino company is getting a #nice-move off of the low, #Pre-earnings move, will report on Thursday/morning, 11/2....they own 43 properties in 20 states. ....they should beat, Check-out this short term trade.
- champ: @bigbartags....for #example what I was posting about was....$PENN closed-up 6.25% at $19.56 and was #only down $00.08 cents off of HOD..... ....my point was...Stock pickers work differently than ETF-traders....... however I #understand what you were posting about, you were posting about ETF's.....and I should have made my post easier to understand, #sorry about that, my #fault because I posted ETF's and I should have posted that I have NP's in any ETF's....... .....because I posting and I was working Stocks today, that were moving-up off of their #lows, going into their earnings...... ....$SPY.....but I was Hoping for a strong Market close.....and it looked like that happened. Good Luck on your ETF trades.
- ruskinq2: $PENN is carrying on its run from yesterday, added to position ... PE 5, PEG .53, short interest of float 11.5% ...
- ruskinq2: $PENN is getting jiggy...anyone know why? starting position
- vscottg: @ruskinq2 $PENN Just hit new 52 week low yesterday. Maybe this is bottom bounce - maybe it is fakeout
- champ: $PENN....been Up all morning...at $24.50, RHRN.
- Vasilis: @DAN You just mentioned on YouTube (25’ ago) that you purchased $PENN, was this at the close or during the day. Thank you
- Henry: @Vasilis $PENN He posted a straddle in OMM at about 12:50 pm
- Vasilis: @DAN do you consider $SHOP a similar #bottomfishing as $PENN, since $SHOP bounced today of the gap up lows of May 4th, $53.88. Moreover, there is a lot of price-memory around these levels ($54.49, $54.67, $53.70, all high of the days 2.2.23, 2.3.23 & 2.15.23) Thank you Dan
- Vasilis: @Henry $PENN, Ok I thought he purchased the stock also, anyway thank you
- Henry: @Vasilis $PENN I was not as informative as I might have been, he has been doing covered straddles and strangles where he buys the stock, shorts a call (hence a covered call) and also shorts a put, which really reduces the cost basis of the stock. Edit: I just found his Fitz at 5 video on youtube. I thought he might have mentioned it on Cramer. He is clear he bought stock and sold options.
- DAN: @Vasilis $PENN Yeah, I did buy some stock too. Bought PENN at 24.54. Sold Aug 24 put at .49. Sold Aug 25 call at .68, but I bought that back (b/c I screwed up the order and bought rather than sold the calls. Which actually was a money maker -- nice to make money on a screw up). So I'm just long stock and short puts. I'll probably short more puts tomorrow...and maybe buy more stock. I'll post my activity here.
- DAN: @Vasilis $SHOP $PENN #bottomfishing Yeah. I think you're too early on SHOP. It's still going down. There are four elements to trends: Upward, Sideways, downward, sideways. Markup, distribution, mark down, accumulation. SHOP is still in the markdown phase. Stay away, but keep watching.
- Vasilis: @DAN $SHOP $PENN #bottomfishing thank you for the reply and the detailed explanation…!!!
- Vasilis: @Henry $PENN once again thank you
- DAN: @Vasilis $SHOP $PENN #bottomfishing Sure. That's what I'm here for!
- natural: $PENN giving investors the rare, middle finger volume pattern.
- joelsg1: @natural $PENN The Portnoy Special.
- DrScience: @natural $PENN Maybe rare, but VERY well-defined volume pattern. I'm more used to seeing the slightly extended finger pattern, mistaking it for an arthritic wave of the hand, and not noticing the sly smile of the seller.
- champ: $CZR $PENN $GUSH $WMT....I took small Fast profits on these Day-Trades this morning.....I'm out, however I might get back in these positions but #only-if they let me. ....I will not force any Entries...#never.
- champ: $PENN....at $27, had a turn at $26.40, always Watch for Entry ...because Now this turn could maybe continue, my stop was at Entry...however Now I'm trailing and For-sure I #don't know where this is going....
- champ: Looks like Now that the Markets have dropped, they just might hold around these #current-levels and a Flat market works, going into that CPI report in the morning....and that report could turn-out to be, not a big deal, might even turn-out to be positive for the Markets...we just don't know. So far $PENN is working....going too see if this continue, might even add another 1/4th and then Trail that piece also, at Entry, then move it up if it continues.
- champ: $PENN.....some pretty large trades going on Now, so I took full profits....however I will get back-in.
- champ: $PENN....need to let these larger players do their thing...need to let these guys get out of the way....... ......and the #hope is, that they keep selling all the Way into the close....and all the CopyCat sellers should also follow, I hope.
- joelsg1: $DIS What's not to like in that $PENN deal, Dis receives $1.5B cash over 10 years plus warrants to purchase almost $32M PENN shares at about $15.72, already up about $12 per share. Iger can crow about this deal and other partnerships tonight. Below 200d where nothing good happens but hanging around 50d at lucky $88.88. Added 9/22 $88-96 call spreads
- champ: $PENN........small swing on the close.
- Henry: $PENN @Dave_Portnoy forum etiquette prevents me from linking his tweet. Today he walked into his newly repurchased Barstool Sports to find 90% of his employees were still working at home. Warning Adult Language.
- traderbren: $DKNG - to close the downside gap at 29.24 tomorrow, while $PENN to pop.
- champ: @traderbren $DKNG .....Yes...thats a huge-deal..... because $PENN is up $4.00, on strong #News, about ESPN, they now have an exclusive U.S.agreement, for onLine Sports betting, they must have gave ESPN a larger cut of the action....because they must have under-cut the larger players, like $CZR and $MGM. .....On time News matters and it looks like the Main-move, could be maybe over...??
- kenb: @champ $DKNG $PENN $CZR $MGM #News still reading the news, but also saw something about divesting BarStool Sports back to Dave Portnoy. They are actually using the word dumping BarStool Sports. Hmm.
- champ: @kenb $DKNG $PENN $CZR $MGM #News.......Plus earnings in the morning, Yes it could be...that they are cleaning-up their house... before they report their earnings in the morning, maybe they are getting ready to report negative-News and hoping that this positive, this great ESPN-News, will offset all of their negatives,..... .....I hear your...Hmm......because this could be, a be careful, be aware, before we pull any triggers........ .....For me, I'm Not smart enough to know how this is going to play out, with their earnings in the morning, however positive Guidance, usually overrides and could save their Day...??? ~~~~So for Now, NP and I'm just going to be a cautious watcher, that could maybe become a cautious player. .....#Thanks for that BarStool News... because I didn't see that...Good Luck!
- kenb: @champ $DKNG $PENN $CZR $MGM #News #Thanks one of the CNBC talking heads mentioned the idea that BarStool sports didn't fit in with the Disney hallmark image, so it is conceivable that the ESPN deal was contingent on them getting rid of Portnoy since he didn't fit the Disney lifestyle. Like a Hanna Montana before she became Miley Cyrus. I'm sure Dave Portnoy made out well to go away, and I'm not sure of the divestiture details. It could be $PENN retains a piece of BarStool investment.
- swingbound: $PENN This is in a highly vulnerable position . We have a failed breakout from descending resistance that is now reestablished as R1 overhead to overcome BUT we are now below the 50 as well . Regaining descending resistance ~ 32.65 is critical to this chart
- woodman: @swingbound $PENN - another one I abandoned ship.
- swingbound: @woodman $PENN Roger that ...
- vcondry: @swingbound $PENN worth buying puts or a short?
- swingbound: @vcondry $PENN I'll redirect this to others ... it's clearly above my present understanding . I feel like the Artful Dodger , it must be the season ! I'll venture that a key rejection of the 50SMAD would be a better ticket to short it ...
- LeAf: @swingbound $PENN doest look good at the open....could possibly get out on the first rebound
- swingbound: @LeAf $PENN Cashin commented that this is all about market internals and $SPY 390 - as S1 to hold .
- vitoB: $PENN biggest turn so far, np
- camaro69: @scottrades $SPY $QQQ $DIA $UUP $SMH $XBI $TAN $XLV $XLE $OIH $BITO $AAPL $META $TSLA $MSFT $ENPH $ARRY $SHLS $FSLR $NVDA $ON $PENN $CPRX $ITCI $SRPT $PRVB $UNH $Great Video Scott. Thanks for going over the moving averages in depth.
- swingbound: $PENN is testing the downward sloping 20SMAD now with a tail ... this is a potential add point above the breakout into some strength .
- swingbound: $PENN second bite at the apple ...
- LeAf: @swingbound $PENN adding some here with a tight stop below the 50dma.
- swingbound: @LeAf $PENN I am in good company ...
- Justhanging48: @swingbound $PENN Also in this, and it was a close call with the slope line, nice late bounce so far
- champ: $PENN...I added Back at $34.61....and HOD was at $36.66 and LOD was at $34.44.....this is not about today...this is a swing position....and that #Flash-Bounce was a gift, that force me to take full profits. .....This is real $$$ that we are working with and some think it is play money...but there is No such thing as Play money or Trading money, I work for profits..... and make No mistake about it,... I always take the #easy-profits when they are given to me.....#always.
- woodman: @champ $PENN #Flash-Bounce #easy-profits #always - Did same with $SHOP which I bought on Friday.
- champ: @woodman $PENN $SHOP #Flash-Bounce #easy-profits #always...Yes exactly ....that was my plan for swinging 18 positions and I also took 13 of them down ....however I'm slowly trying to figure out which ones to add-back..... ......and I'm thinking that I don't need to....add these positions back for now ....$LPX and $BLDR because they also had nice moves,...just guessing, that I don't need to push my luck on both of these positions.........#Good-Luck!.
- woodman: @champ $PENN $SHOP $LPX $BLDR #Flash-Bounce #easy-profits #always #Good-Luck - BLDR, nice. Holding its gap up.
- scottrades: My notes: $SPY At the 200 Day $QQQ At the 100 EMA $DIA Downside Reversal $UUP Under the 200 Day $SMH Above the 200 Day $XBI MAs are stacked $TAN Holding the 8EMA $XLV Working $XLE Traded tight all day, hard to find good setups $OIH Above the 50 Day, hard to find good setups $BITO Stopped at the 50 Day $AAPL Downside reversal $META Held the gap $TSLA at the 200 Week MA. $MSFT Rejected at the 200 Day $ENPH Still in an uptrend $ARRY Bought this today $SHLS Above all the MAs $FSLR At the 21 EMA $NVDA Above the 200 Day $ON At the 8EMA $PENN Out of the wedge $CPRX This is on the ATL $ITCI Clear resistance. $SRPT Watch 124 $PRVB from @lauralynnee in the forum. $UNH Watch 555
- lauralynnee: @scottrades $SPY $QQQ $DIA $UUP $SMH $XBI $TAN $XLV $XLE $OIH $BITO $AAPL $META $TSLA $MSFT $ENPH $ARRY $SHLS $FSLR $NVDA $ON $PENN $CPRX $ITCI $SRPT $PRVB $UNH Thanks @Scottrades for covering $PRVB tonight, and you got my name right!
- woodman: $PENN pullback to 50d.
- champ: @woodman $PENN....#Bounce-Candidate....and another way of saying it is......HOD and the 50 day held. I'm holding a nice size position, Trailing.
- woodman: @champ $PENN #Bounce-Candidate - yes
- woodman: #Casinos / #Resorts still look good. $MSC continues a parabolic move out of squeeze. $BVH huge move today. $FLL flag after nice move last week. Np in any of those. I have $LVS and $PENN in the space. $MGM (np) has been nice. Some others look decent too if you want to poke around in the space.
- scottrades: $PENN Wedge pattern.
- woodman: @scottrades $PENN - And rising support drawn from Sept 23 low.
- swingbound: $PENN This is breaking through Daily descending resistance . The 200SMAD is overhead as R1 to overcome ( champ )
- swingbound: @champ $PENN #News #Stock-Buy-Backs #trigger Great ! thank - you . Will
- DrScience: @scottrades $PENN And, deep into converging uptrend/downtrend lines. Today is a nice move above the downtrend line, but on lower volume. With moving averages all in a jumble, this stock could continue to do what it has been doing -- sucking in bulls only to dash their hopes of a longer stay above the 200 DMA. The last big price jump on 11/11 was a good sell point in response to hints of slowing rate hikes. Today's move is predicated on consumer sentiment data saying that folks believe inflation will be subdued in the future. Let's see how the stock reacts to CPI data and FOMC announcement before we pile in. I'm waiting for a pullback to 33-33.50 or a move above the 200 DMA to add to a very small position.
- champ: @swingbound $PENN .....The #News is....they think that their stock is to cheap, so they started new #Stock-Buy-Backs....thats the #trigger for this move.....if the markets turns into a Santa-Rally....they will be buying back their stock also..... ..............they are Placing their bets.....and all can follow them into their best Holiday Seasons of the Year ...also if they want.....and for this years Super-Bowl winner....I place my bet on #PENN.....straight-up. LOL
- woodman: @DrScience $PENN - I got back in this morning. Using last week's low as stop reference - i.e. low risk with decent reward potential.
- DrScience: @woodman $PENN Yessir. I think 4 bucks of upside vs. 1 of downside is a pretty good R/R. More disposable income in gambler's pockets could spark that squirt higher.
- woodman: @DrScience $PENN - Ideally, I like at least 3 up to 1 down.
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champ: $PENN at $33...and the News this morning is ....they added new stock #Buy-backs....for another $750 million $$$....they can also Buy and Sell...give shares as bonus to employees, to Insiders.
.....They own 44 properties, see their Website for their a ... - woodman: @swingbound $PENN - That's the 50w resistance level.
- swingbound: @woodman $PENN I stand corrected and I will correct it , thank -you !
- swingbound: $PENN Weekly view : 50SMAW is S1 for a boost into the 20SMAW pivot . That's about a 10% move higher from here . This is a PB entry from the top of the Weekly W . The 20 > 50 are stacking but the 50 and 200 are still to sort ... ( thank - you woodman )
- woodman: @swingbound $PENN - I wasn't trying to correct you. :-) I was looking at the stock and simply noticed the 50w.
| Stock Price | $18.62 |
| Change | 2.48% |
| Volume | 4,254,720 |
Penn National Gaming, Inc. is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties. The Company owns or manages approximately 29 facilities in 19 jurisdictions.
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Past Month
Leading Peers
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$12.49 18.89%
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$14.49 10.85%
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$72.44 10.58%
Past Month
Lagging Peers
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$14.65 -23.28%
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$66.75 -19.51%
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$32.82 -13.49%
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