Is It Time To Bet On DraftKings Stock's Next Run Higher?

After bouncing from an early August dip to its lowest level since November 2023, DraftKings (DKNG) stock is stuck in a pattern of choppy trading in between the $37 and $39 levels. What’s more, DKNG is closing in on its year-to-date breakeven level, down 1.1% at $37.24 at last check to stand just 5.4% higher since the start of 2024. However, this pullback has the stock running into a historically bullish trendline.Specifically, DKNG is within one standard deviation of its 50-day moving average, defined for t ...