A New Kind of Stock Chart: Penn National Gaming Inc (NASDAQ:PENN) Critical Pivot Points
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Penn National Gaming Inc Pivot Points
|52 Week Low||$13|
|10-day Moving Average||$28.17|
|50-day Moving Average||$25.72|
|200-day Moving Average||$21.11|
|52 Week High||$29.84|
Next we move to a graphical representation of the critical technical pivot points.
You can hover over the points to see the actual prices.
Penn National Gaming Inc Pivot Points Scatterplot
(a new stock chart, built for traders)
The green pivot point to the far right is the 52 week high.
The red pivot point to the far left is the 52 week low.
The blue pivot point is the current stock price.
The three pivot points in the middle represent the moving averages.
The next resistance pivot point is $29.84.
The next support pivot point is $28.17.
This is a new kind of stock chart – one built for traders that bypasses the weaknesses of only looking at a time series
as it shortens the time to conclusion about a stock’s critical technical position.
Pivot Point Summary
➤ Look how easily we can see that the current price (the blue points) is in between all of the purple dots,
which are the 200-, 50- and 10-day moving averages, respectively, pointing to the proximity of the next critical pivot point.
➤ The stock price is above the 200-day moving average
➤ The stock price is above the 50-day moving average
➤ The stock price is above the 10-day moving average
A New Kind of Stock Chart: For the Trader
This scatterplot for Penn National Gaming Inc (NASDAQ:PENN) , with the technical pivot points marked as points in time rather than a time series, is
the next evolution of stock chart.
You can get this same chart for any stock here: