MomentumTradingHQ.com Featured Stock for the Week of 5/27/24 - 5/31/24: Penn Entertainment (PENN) Day Trade Return of 9.4%

Penn Entertainment shares traded higher Friday after shareholder Donerail Group sent a letter to the company's board saying the company could get "Up to double its current trading price in the event of a sale."

Our proprietary real time alert services picked up PENN's unusual stock and option volume early Friday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 9:15 am Friday and closed at the end of the day would have gained 9.4%. The chart shows the indicators that were triggered as well as the time.

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