PENN Entertainment (PENN) Recently Broke Out Above the 200-Day Moving Average

Group 1 - PENN Entertainment (PENN) has surpassed resistance at the 200-day moving average, indicating a long-term bullish trend [1] - The stock has moved 5.2% higher over the last four weeks, suggesting potential for further rallies [2] - There have been 5 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, reinforcing the bullish outlook [3] Group 2 - The 200-day simple moving average is a key technical indicator that helps determine long-term market trends and serves as a support or resistance level [2] - PENN is currently rated as a Zacks Rank 3 (Hold), indicating a neutral stance on the stock [2] - The positive movement in earnings estimate revisions adds to the case for investors to consider adding PENN to their watchlist [3]