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Shares of PENN Down 26.6% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Penn Natl Gaming (NASDAQ:PENN) on March 7th, 2019 at $22.94. In approximately 5 months, Penn Natl Gaming has returned 26.59% as of today's recent price of $16.84.

Over the past year, Penn Natl Gaminghas traded in a range of $16.79 to $35.36 and are now at $16.84. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.5%.

Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Penn Natl Gaming.

Log in and add Penn Natl Gaming (PENN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights penn natl gaming

Ticker(s): PENN