The Closing Print live trading and financial blog during market hours.


DraftKings (DKNG) reported earnings this morning, with at adjusted net loss of $0.57 per share, narrower compared with the Capital IQ consensus estimate of an adjusted net loss of $0.63. – MT Newswires

We wrote about DraftKings and Penn Gaming on November 4, prompting new entries at that time. News of multiple states approving sports betting.

Price action is trading at $46.34 in the early session (+12.24%) and showing no signs of slowing. We’ll take profits on (DKNG) options purchased prior to earnings and look to put those gains to work in shares, short-term.

Click to enlarge

MarketSmith charts show 50d at the pre-market highs this morning. Watch for rejection intially at this zone.

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Happy Trading, 


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*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

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