Long Position on PENN @ $18.35 on 10/16/2015 (Momentum)

Penn National Gaming, Inc. (PENN) owns and operates gaming and pari-mutuel properties.

The Company's segments include the East/Midwest segment, the West segment and the Southern Plains segment.

The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama.

The West segment properties include Zia Park Casino and the M Resort.

The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

Shares are heading higher in a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $11.48 - $20.23

Entry Point: $18.35

Stop Loss: $17.30

Target Price: $20.10

Updates

11/20/2015 11:28:08 AM

PENN closed at $16.28

Position closed on 11/20/2015 at price of $16.28 with a -11.28% loss in 35 days.

Back to Portfolio