96% technical buy signals.
8 new highs and up 11.98% in the last month.
Relative Strength Index 67.71%.
The Chart of the Day belongs to Penn National Gaming (PENN).I found the gaming stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy in 8/31 the stock gained 38.80%.
Penn National Gaming, Inc. owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. They have also recently expanded into social online gaming offerings via Penn Interactive Ventures, LLC division and recent acquisition of Rocket Speed Inc.
Barchart technical indicators:
127.67+ Weighted Alpha
96% technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 11.98% in the last month
Relative Strength Index 67.71%
Technical support level at 30.71
Recently traded at 30.81 with a 50 day moving average of 27.22
Fundamental factors:
Market Cap $2.86 billion
P/E 41.76
Revenue expected to grow 2.30% this year and another 3.60% next year
Earnings estimated to increase 645.90% this year, decrease by 85.50% next year but have a compounded annual increase of 5.10% over the next 5 years
Wall Street analysts issued 1 strong buy, 5 buy and 5 hold recommendations on the stock
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