Long Position on PNK @ $25.10 on 10/24/2017 (Momentum)

Bullish Flag on PNKPinnacle Entertainment, Inc. (PNK) owns, develops, and operates casinos, and related hospitality and entertainment facilities in the United States.

Its Midwest segment operates Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra Casino Resort, Belterra Park, and River City properties.

The company’s South segment consists of Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, L'Auberge Baton Rouge, and L'Auberge Lake Charles property.

Its West segment comprises Ameristar Black Hawk, Cactus Petes, and the Horseshu properties. Pinnacle Entertainment owns 14 gaming properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, and Nevada; and a racetrack in Ohio and manages Retama Park Racetrack in San Antonio and Texas, as well as owns and operates a live and televised poker tournament series under the Heartland Poker Tour trade name. 

Shares have formed a bullish "flag" and higher share prices are expected for this stock. The firm is schdeuled to report its results on November 7th.

 

52-Week Trading Range: $11.36 - $25.26

Entry Point: $25.10

Stop Loss: $23.75

Target Price: $27.65

Updates

11/20/2017 12:28:00 PM

PNK closed at $29.00.

11/20/2017 12:38:44 PM

PNK closed at $29.00.

11/20/2017 7:01:42 PM

PNK closed at $29.00.

11/21/2017 6:16:33 AM

PNK closed at $29.00.

11/21/2017 7:40:12 AM

PNK closed at $29.00

Position closed on 11/21/2017 at price of $29.00 with a 15.54% gain in 28 days.

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