DraftKings (DKNG) – Charts Point to a Rebound Toward February Highs
DraftKings (DKNG) has been moving in step with the broader market all year, peaking in mid-February before a sharp tariff-driven sell-off sent shares sliding. Like the S&P 500, DKNG bounced back in early April, but unlike the index, it has yet to reclaim its prior high. That gap sets up a compelling “catch-up” trade.
At roughly $47 per share, DraftKings is trading well below its February 14 peak of $53.65. A return to that level would represent a 17% gain from current levels. The technical picture only adds to the bullish case: multiple chart setups all point toward the same outcome—higher prices. Whether you look at trendlines, retracements, or momentum patterns, the signals align in favor of a push higher.
Given the strength of the recovery in both the stock and the underlying business, we think DraftKings is well positioned to make another run at its highs in the near term. For investors looking for a technically supported opportunity with clear upside potential, this setup is worth paying close attention to.
