Caesars Entertainment is a holding company. Through its subsidiaries, Co. is a gaming and hospitality company. Co. focuses on the casino properties' gaming operations, retail and online sports betting, as well as online gaming, and it utilizes its hotels, restaurants, bars, entertainment, racing, retail shops and other services. Co. owns, leases or manages its properties in various states with its slot machines, video lottery terminals and e-tables, table games and hotel rooms. Co. also operates and conducts sports wagering across various states and domestic jurisdictions, some of which are mobile for sports betting, and operates regulated online real money gaming in several states.
When researching a stock like Caesars Entertainment, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CZR Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CZR stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting CZR RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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