PENN Entertainment Inc

PENN remains highly oversold yet has found support at the 200-day SMA. Short-term trend is down, but extreme oversold conditions and volume support a medium-term mean-reversion bias to bullish. Execution is deferred until pullbacks into the 200-day SMA area show acceptance and a reclaim of the 20-day EMA.

• ↑Q2 revenue $1.86B (+5.2% YoY) and adjusted EBITDA $517M (+6%) with 34.4% margin.
• ↑Management targets >20% adjusted EBITDA growth for full-year 2026.
• ↓Debt-to-equity ratio of 3.79x raises refinancing risk amid rising rates.