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Penn Natl Gaming Crosses Below its 10-day MA (PENN)

By Nick Russo

Penn Natl Gaming (NASDAQ:PENN) crossed under its 10-day moving average of $20.32 on a volume of 214K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Penn Natl Gaming have traded between a low of $16.72 and a high of $34.72 and are now at $20.18, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Penn Natl Gaming. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Penn Natl Gaming in search of a potential trend change.

Keywords: moving crosses penn natl gaming

Ticker(s): PENN