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Friday, January 19, 2018 12:28:01 PM
Caesars Entertainment (CZR) Jumps Up To The Winning Table
By Greg Schnell | January 18, 2018
Caesars Entertainment (CZR) made a beautiful breakout on high volume Thursday. It has continually tested this $13.50 level since July 2017. Today, the chips were all placed on Caesar's side of the table. The volume surged to 25 million shares. The SCTR looks to be surging back into the top 25% area. The Relative strength compared to the $SPX made one month highs. The chart will probably add momentum if it can start to break out to new 12 month highs in relative strength.
Arthur Hill mentioned MGM the other day. Wynn has been performing as well. It helps when the whole industry group surges. Below $13.50, I'd let someone else own it, but this looks like a nice breakout here.
Good trading,
Greg Schnell, CMT, MFTA
http://stockcharts.com/articles/dont_ignore_this_chart/2018/01/caesars-entertainment-czr-jumps-up-to-the-winning-table.html
• DiscoverGold
(Disclosure: I do not own CZR shares)
By Greg Schnell | January 18, 2018
Caesars Entertainment (CZR) made a beautiful breakout on high volume Thursday. It has continually tested this $13.50 level since July 2017. Today, the chips were all placed on Caesar's side of the table. The volume surged to 25 million shares. The SCTR looks to be surging back into the top 25% area. The Relative strength compared to the $SPX made one month highs. The chart will probably add momentum if it can start to break out to new 12 month highs in relative strength.
Arthur Hill mentioned MGM the other day. Wynn has been performing as well. It helps when the whole industry group surges. Below $13.50, I'd let someone else own it, but this looks like a nice breakout here.
Good trading,
Greg Schnell, CMT, MFTA
http://stockcharts.com/articles/dont_ignore_this_chart/2018/01/caesars-entertainment-czr-jumps-up-to-the-winning-table.html
• DiscoverGold
(Disclosure: I do not own CZR shares)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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