Penn National Gaming Inc
PENN:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume |
| 44.92 | 0.00 0.00% | 0.00% | 0 |
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Latest News Headlines for Penn National Gaming Inc
Penn National Gaming (PENN) Showing Bullish Technicals With Resistance At $45.61
Penn National Gaming (NASDAQ: PENN) closed Monday's trading session at $45.25. In the past year, the stock has hit a 52-week low of $31.68 and 52-week high of $46.48. Penn National Gaming (PENN) stock has been showing support around $44.57 and resistance in the $45.61 range. Technical indicators for the stock are Bullish. For a hedged play on Penn National Gaming (PENN), look at the Jun '12 $45.00 covered call for a net debit in the $43.60 area. That is also the break-even stock price for this trade. This covered call has a duration of 53 days, provides 3.65% downside protection and an assigned return rate of 3.21% for an annualized return rate of 22.11% (for comparison purposes only). Penn National Gaming (PENN) has a current trailing average dividend yield of 0%.
Possible Bearish Inside Day Candle Pattern Detected for Penn National Gaming (NASDAQ:PENN)
Analyzing the price chart for Penn National Gaming (NASDAQ:PENN) has revealed a potential bearish inside day candle pattern. Yesterday's price range of $44.75 and $45.27 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Penn National Gaming may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana. The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.
Possible Bearish Inside Day Candle Pattern Detected for Penn National Gaming (NASDAQ:PENN)
View more recent headlinesAnalyzing the price chart for Penn National Gaming (NASDAQ:PENN) has revealed a potential bearish inside day candle pattern. Yesterday's price range of $44.62 and $45.70 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Penn National Gaming may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.Over the past year, Penn National Gaming has traded in a range of $31.68 to $46.48 and closed yesterday at $45.58, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.
Company Background
Penn National Gaming, Inc. (Penn National) is a diversified owner and manager of gaming and pari-mutuel properties. As of December 31, 2011, the Company owned, managed, or had ownership interests in 25 facilities in eighteen jurisdictions: Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario. The Company operates in three segments: Midwest, East/West, and Southern Plains. On February 28, 2011, the Company acquired Rosecroft Raceway in Oxon Hill, Maryland. On April 8, 2011, the Company established a joint venture that owns and operates racetracks in Texas. On June 1, 2011, following the purchase of all of the outstanding debt of the M Resort and the receipt of requisite regulatory approvals, the Company acquired the business in exchange for the debt. In July 2011, the Company sold its joint venture interest in the Maryland Jockey Club.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 0.00 | Previous Close 44.92 |
Day High 0.00 | Day Low 0.00 |
52wk High/Date 46.48 / 4/19/2012 | 52wk Low/Date 31.68 / 10/4/2011 |
Beta 1.6 | Market Capitalization 3.4B |
Shares Outstanding 76.3M | Volatility Avg 33.88 |
Avg Vol(10 day) 648.1K | P/E Ratio 17.8x |
EPS(TTM) 2.52 | Yield 0.00% |
Dividend Announcement -- | Ex-Date -- |
Payable 0.00 - -- | Payable Date -- |
Date of Record -- | |
Last Trade as of 4/24/2012 4:00 PM ET | |
PENN Penn National Gaming Inc vs. Peers
| Peers | |
|---|---|
PENN Penn National Gaming Inc | 17.99% |
Pinnacle Entertainment, Inc | 9.74% |
MTR Gaming Group, Inc. | 175.40% |
Canterbury Park Holding Corporation | -27.75% |
Caesars Entertainment Corp | -- |
PENN Penn National Gaming Inc | 0.00% |
Pinnacle Entertainment, Inc | -- |
MTR Gaming Group, Inc. | -- |
Canterbury Park Holding Corporation | -- |
Caesars Entertainment Corp | -- |
PENN Penn National Gaming Inc | 0.00% |
Pinnacle Entertainment, Inc | 0.00% |
MTR Gaming Group, Inc. | 0.00% |
Canterbury Park Holding Corporation | 0.00% |
Caesars Entertainment Corp | 0.00% |