Functionx Inc fka FNCX

[Liquid_Bull]

Fans and followers of the fantasy sports business will know the industry has had tough time of late, mostly thanks to legal wrangling as a couple of the more popular fantasy sports sites tip-toed into the gambling arena and promptly hit a wall. And for investors, fantasy sports has been a sore spot simply due to a lack of viable publicly-traded options. DraftDay Fantasy Sports Inc. (NASDAQ:DDAY) appears to have pushed its way past a major headwind though, and DDAY may well be worth a shot right now.

Take a look at the chart of DDAY below. As you can tell from the sharp downward-sloped moving average lines, 2015 was miserable for the stock. Take a closer look at what's happened with DraftDay Fantasy Sports in 2016 though. A floor has developed, with four nodes (lows) defining and confirming its strength. That alone is a clue that the worst is behind the stock, but another big bullish clue emerged yesterday... huge bullish volume, for a second day in a row. Although DDAY didn't make huge forward progress, it did clear most of its key moving average lines in the process. Putting it all together, the environment seems to have fully flipped from a net-bearish to net bullish environment.

http://www.smallcapnetwork.com/DraftDay-Fantasy-Sports-DDAY-is-About-to-Get-Real/s/via/1789/article/view/p/mid/1/id/696/