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PENN - Penn National Gaming Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 10, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through East/Midwest, West, and Southern Plains segments. As of December 31, 2015, it operated 27 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    PENN popping on US Gaming growth

    upload_2016-7-24_8-45-16.png
     
  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nice little pop as PENN recovers some from yesterdays drop

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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Penn moving up under pressure from market conditions

    upload_2016-10-6_8-5-17.png
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Got an alert set below $18 on this one

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  6. T0rm3nted

    T0rm3nted Moderator
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    Alert triggered, thinking about hopping in on this one by end of the day today.
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Just hopped in at $17.796. Target and stop are in the image below.

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  8. T0rm3nted

    T0rm3nted Moderator
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    Just closed my position at $19.153 for about a 7.5% gain
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Back at support again, but I just don't see the upside in it anymore. The 50MA keeps acting as resistance, then there will be the longer term downtrend of the 200MA that will probably do the same. Probably get a 6-8% bounce off support here, but the reward is much to low.

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