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DraftKings Inc Shares Rise Above 200-Day Moving Average

DraftKings Inc shares have surged, crossing above their 200-day moving average. Currently, the stock is up by 3.8% on the day, indicating a positive market momentum for the company.

Date: 
AI Rating:   7

Current Stock Performance: DraftKings Inc (Ticker: DKNG) recently surged past its 200-day moving average, which is currently at $39.24. On the day of analysis, DKNG shares reached a high of $39.81, reflecting a 3.8% increase. This positive movement suggests bullish sentiment among investors.

52-Week Range: The stock has exhibited a 52-week low of $28.69 and a high of $49.57. The recent trading price of $39.65 is significantly above the low end, hinting at sustained investor interest and upward momentum.