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Watch for Continued Gains in Shares of Penn Natl Gaming (PENN)

By Amy Schwartz

Penn Natl Gaming (NASDAQ:PENN) traded at a new 52-week high today of $22.38. So far today approximately 87,000 shares have been exchanged, as compared to an average 30-day volume of 798,000 shares.

There is potential upside of 4.3% for shares of Penn Natl Gaming based on a current price of $22.13 and an average consensus analyst price target of $23.09. Penn Natl Gaming shares have support at the 200-day moving average (MA) of $16.39 and additional support at the 50-day MA of $15.78.

Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana. The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.

In the past 52 weeks, Penn Natl Gaming share prices have been bracketed by a low of $11.93 and a high of $22.38 and are now at $22.13, 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Penn Natl Gaming and will alert subscribers who have PENN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows penn natl gaming

Ticker(s): PENN