Sports Betting Surge

Penn Entertainment is demonstrating strong bullish momentum, with a gap forming around the $16.00 level. A breakout above the $21.37 daily resistance would signal further strength, positioning the stock to target $27.21. This setup offers an attractive risk-to-reward ratio, with a stop-loss set at $16.46 to manage downside risk.

Penn Entertainment’s position in the gaming and sports betting industries provides a solid growth platform, with the continued expansion of legalized sports betting acting as a significant tailwind. The company’s innovative partnerships and its focus on digital and mobile betting platforms further enhance its market potential.

For a deeper dive into this setup, check out my YouTube breakdown, where I discuss the technical analysis and market trends driving this trade.

With both technical momentum and strong industry fundamentals, PENN is well-positioned for a bullish push toward $27.21.

PENN