DraftKings’ Technical Check Out and Kodak Rockets on A Tweet 📸

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DraftKings’ Technical Check Out and Kodak Rockets on A Tweet

DraftKings

DraftKings is an online sports platform that allows users to play daily fantasy games and win cash prizes.

DraftKings may be nearing a window for a long entry as it tried to break out of a cup-with-handle base. Analysts have said the prime buy point would be at 56.08. The stock passed that on Thursday but ended up reversing lower on Friday. Moreover, the RSI or Relative Strength Index which is a volume and momentum-based indicator finds this has been increasing but is still off 12-month highs. Overall, the stock holds an RS Rating of 94, placing it in the top 6% of stocks in terms of market performance over the past 12 months.

Eastman Kodak

The Eastman Kodak Company is an American public company that produces various products related to its historic basis in analogue photography and was at one time back in the 80s one of the hottest blue-chip stocks on the market. Today the company’s shares look different.

In fact, since last summer shares have been volatile, but recently things got shaken up once more. As Kodak announced the launch of Kodak Prinergy On Demand Business Solutions, stating “Kodak has collaborated with leading software providers including Microsoft, PrintVis and VPress to create one of the first and only comprehensive software solutions for all applications and printers of any size.” This tweet, despite simply repeating an older tweet from early December, send shares of Kodak flying.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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