Signal: Buy the Dip on DraftKings Stock

The stock is now below its 126-day moving average after spending a significant period of time above it, defined for this study as having traded north of this trendline 80% of the time in the past two months, and in eight of the past 10 trading days. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, four similar signals occurred during the past three years, with DKNG averaging a 12.9% one-month gain. Now looks like a good time to weigh in on DKNG's next move with options. Its Schaeffer's Vol ...