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Penn National: Should Investors Put Their Chips Down?

·2 min read
Penn National: Should Investors Put Their Chips Down?
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A sell-side firm started fundamental coverage of Penn National Gaming with an "outperform" rating Tuesday. The operator of casinos and racetracks saw its stock price soar into March 2021 but then prices reversed direction. The daily On-Balance-Volume (OBV) line is showing signs of bottoming and a shift from aggressive selling to aggressive buying.