Bargain Alert: DraftKings Is the Most Oversold It's Ever Been
Gambling powerhouse DraftKings Inc. NASDAQ: DKNG is flashing a rare signal that investors typically only see a handful of times in a stock’s lifetime. Its Relative Strength Index (RSI), a key measure of momentum, has collapsed below 15, marking the lowest reading in company history. For context, a reading below 30 indicates that the stock is oversold. DraftKings TodayDKNGDraftKings29.64▼53.28Add to WatchlistThat means that after a brutal five-week str ...