DKNG
Intraday Fundamentals
• Watching Online/Sports Gambling Stocks Amid Figures From Play New Jersey State's Sportsbooks Hit Record $6B In Bets During 2020
• Tight spread and good ATR
Technical Stats
ADV 22.5 RVOL .51 ATR 2.99 Short 62.6% Inst Own 46%
Trading Plan
• Long 53.80 if this sells off into the open.. be ready to add and be willing to get bigger
• Start lighter long at 54.40 if this seems likely to hold that level
• Long a break of 55.10
NOTES
I should have been bigger here playing of the PM high, opening range,and PD HoD. I had an okay feel on the tape watching this slow down. I did not execute well on the exit and need to try for a break above .50 or just take the 15 cents downside.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-14 10:04:02 | DKNG | buy | $55.260 | long |
2021-01-14 10:05:42 | DKNG | sell | $55.390 | 0 |
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