Caesars Entertainment Corporation (CZR) “On a long-term technical basis, the stock (CZR) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 12.47 and 11.54. If the stock breaks down through support at 12.47 then it will probably continue lower to 11.54. The stock has resistance at 12.50 and at 13.36. If the stock breaks up through resistance at 12.50 then it will probably continue higher to 13.36. The 200-day moving average is at 11.54. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 12.47 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (78.08).”

Caesars Entertainment Corporation (CZR) “On a long-term technical basis, the stock (CZR) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 11.53 and 9.91. If the stock breaks down through support at 11.53 then it will probably continue lower to 9.91. The stock has resistance at 12.47 and at 13.36. If the stock breaks up through resistance at 12.47 then it will probably continue higher to 13.36. The 200-day moving average is at 11.53. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 11.53 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (67.91).”

Caesars Entertainment Corporation (CZR) “On a long-term technical basis, the stock (CZR) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has recently broken through an important trendline at 12.34 suggesting the next support level is at 11.70. This weakness suggests the long-term trend is turning neutral.

The stock has support at 11.70 and 10.68. If the stock breaks down through support at 11.70 then it will probably continue lower to 10.68. The stock will meet resistance at 12.03 and 12.83. If the stock breaks up through resistance at 12.03 then it will probably continue higher to 12.83. The 200-day moving average is at 12.14. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (13.75).”