Latest Breaking News On - Draftkings chart - Page 1 : comparemela.com

DraftKings Inc (NASDAQ:DKNG) slammed into resistance Tuesday morning after reversing a months-long downtrend. Bullish sentiment has waned in the online sports betting sector and DraftKings lost 46% of its value before making a bullish break upwards on May 14. Early on Tuesday, it was reported Cathie Wood-led Ark Fintech Innovation ETF (NYSE:ARKF) purchased 130,400 shares of DraftKings for approximately $6.24 million. DraftKings’ stock opened 2.68% higher on Tuesday following the news but retraced slightly amid overall market weakness. The DraftKings Chart: On Monday DraftKings managed to regain the eight-day exponential moving average (EMA) but rejected, and wicked off, the 21-day EMA. On Tuesday’s move higher the stock then rejected, and wicked off, resistance at $50.17 and remained below the 21-day EMA.

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