PENN Entertainment is a provider ofintegrated entertainment, sports content, and casino gaming experiences. Co. operates online sports betting and iCasino under a portfolio of brands including Hollywood Casino®, L'Auberge®, Barstool Sportsbook®, and theScore Bet Sportsbook and Casino®. Co. is focused on retail casinos, sports media assets, technology, including digital sports and iCasino betting platform, and an in-house iCasino content studio. Co. has five reportable segments: Northeast, South, West, Midwest, and Interactive.
When researching a stock like Penn National Gaming, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from PENN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for PENN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the PENN 200 day moving average ("PENN 200 DMA"), while one of the most popular "shorter look-backs" is the PENN 50 day moving average ("PENN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Penn National Gaming. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PENN 200 DMA and the PENN 50 DMA, we get a moving average convergence divergence indicator ("PENN MACD"). The PENN MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |