$PENN - Watchlist Name from the Strongest 1-Month Sector
$Penn Ent(PENN)$ - Watchlist Name from the Strongest 1-Month Sector, $Consumer Discretionary Select Sector SPDR Fund(XLY)$
PENN Entertainment has been so beaten down that its all-time high of $140 from 2021 barely fits the chart, as I wanted to highlight the significance of its recent 200-MA reclaim.
The stock is currently within a 6-month ascending triangle pattern (a trend reversal chart pattern). Despite reaching a 9-month high yesterday, there’s still an unfilled gap up to $22.25.
A potential hypothesis for this bottom could be the past two quarters of YoY EPS and sales growth. Do revisit this with $22.25 price alert set.
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