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mick

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Re: mick post# 534959

Wednesday, 05/19/2021 9:39:05 PM

Wednesday, May 19, 2021 9:39:05 PM

Post# of 621773
DraftKings Stock
DraftKings is an online sports platform that allows users to play daily fantasy games and win cash prizes. The company is poised to take advantage of the expanding legalization of digital sports betting across the U.S.

DraftKings stock is below its 50-day moving average and long-term 200-day line. It could form a base once the stock can recover from its downtrend. There is no buy point at this time, but a decisive retake of the 50-day line would be bullish for the stock's prospects. Shares are about 25% below that level.

The sports-betting leader is one of the newest ARK Invest stocks. On March 8, ARK Invest disclosed a new position of 748,000 shares for the ARKK ETF.

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