Caesar’s (CZR) was a huge winner for us earlier this year, and now it appears the stock is giving us another chance to win at the casino and beat the house.
The technicals took a turn for the better today on some pretty brisk turnover. The stock is showing some great relative strength and just broke a downtrend line from back in mid-September. The MACD just flashed its second buy signal in a month, and the stock has reached overbought status. While it may consolidate a bit, I would not at all be surprised to see this move to the mid 20’s on this go around.
