Churchill Downs broke through, closed, and has retested the ascending wedge trend-line. Targeting the $90.00 area with a mental stop above the broken TL.
DIS Disney who owns ESPN has a few commonalities with sports betting and that's the NFL season ( Sept. - Feb.) * Last Sept. to Feb was a strong run for the markets, so comparisons used here to show sector trend. * Overlay SP500, NAS100 to know better than market * Overlay sports betting Churchill Downs (CHDN), Penn Gaming (PENN), and Boyds (BYD) Gaming * ...
Entering a long position in CHDN following the small base break coupled with a new 52-week high and higher than average volume. Open target not as shown here.