$Penn Entertainment (PENN.US)$ this stock it's approaching a...

$Penn Entertainment (PENN.US)$ this stock it's approaching a severely oversold standpoint. if you go back the typical sharp sell-offs are a four-day pattern. this pattern has happened seven times since November of last year. that's what just happened past four days. it takes it down to its lower moving average it's not to say it can't go beneath it but it appears that it has reached a point of being oversold and we could expect to see possibly the balance of this week the beginning of next week some accumulation trending back up.