Gambling and Sports Betting News December 23, 2019: These Stocks Are Climbing in Wake of Draftkings Going Public

Written by :

C Costigan

Published on :

23 December, 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Monday December 23, 2019.

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Gaming Stocks Get Boost on News of Draftkings Going Public

Diamond Eagle stock gapped up 6% to 10.80 on the stock market today, clearing a 10.25 buy point from a six-week flat base, MarketSmith analysis shows.

Meanwhile, Leisure-Gaming/Equipment industry leader Boyd Gaming was down 0.3% at 30.25. It is closing in on a buy point of 31.60 after consolidating for the past 34 weeks.

Kentucky Derby operator Churchill Downs (CHDN) was up 0.4% at 134.66. The gaming stock is in the buy zone after breaking out from a six-week cup-with-handle base. The buy point is 134.32. The relative strength line has made good progress in 2019 but is off highs.

Our Free Picks Record as of December 23

2019 NFL Record: 3-10 (0%)

2019 College Football Record: 4-2 (66.6%)

2019 MLB Record: 26-18-2 (59%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

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