Penn National Gaming Inc (PENN) “On a long-term technical basis, the stock (PENN) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 31.15 and 27.52. If the stock breaks down through support at 31.15 then it will probably continue lower to 27.52. The stock will meet resistance at 39.18 and 45.16. If the stock breaks up through resistance at 39.18 then it will probably continue higher to 45.16. The 200-day moving average is at 22.89. This will also act as support. The stock is neutral according to the Stochastic Indicator (43.99).”

Penn National Gaming Inc (PENN) “On a long-term technical basis, the stock (PENN) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 27.50 and 24.74. If the stock breaks down through support at 27.50 then it will probably continue lower to 24.74. The stock has resistance at 39.18. The 200-day moving average is at 21.41. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 27.50 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (90.81).”