(Check out Carter’s worthcharting.com for actionable suggestions and dwell nightly movies.) On-line sports activities betting firm DraftKings (DKNG) has but to recoup its losses related to the stock market’s tariff-related sell-off. DKNG peaked in mid February (similar because the S & P 500 Index) after which bought off arduous, till ricocheting in early April (similar because the S & P 500 Index) however has but to make new highs (the S & P 500 Index is above its pre-sell-off February peak). Our pondering right here is to play DraftKings for a catch-up commerce; we consider the stock is headed back to its Feb. 14 excessive of $53.65. A potential transfer to stated excessive would symbolize a achieve of 17% from present ranges (DKNG is $45 on the time of this writing). The 4 (4) equivalent charts beneath inform the story. There are some ways to “draw the lines” and any which means one does draw the strains, the implications are bullish: purchase DraftKings. Identical DKNG chart 1 of 4 One means to “draw the lines”… Identical DKNG chart 2 of 4 Another means to “draw the lines”… Identical DKNG chart 3 of 4 Still one other means to “draw the lines”… Identical DKNG chart 4 of 4 Yet one other means to “draw the lines”… DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and don’t replicate the opinions of CNBC, NBC UNIVERSAL, their guardian firm or associates, and should have been beforehand disseminated by them on tv, radio, web or one other medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click right here for the total disclaimer.