How low will she go?
Oversold on RSI..but when a stock gaps down with a huge red candle, you can usually expect further declines..or it can pop back tomorrow..closing in on S..but if we go in to a bear market, then stocks at the top may take a beating, and this one has made a lot of gains..
The selling could go off and on until earnings on 2-25..
Our economy...
Rough market as of late
This is not to long entry level yet
Close to handle low which can provide support
No rising wedges noted
Not a recommendation
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Churchill Downs, Online Wagering, and Gaming. The...
Broke out today imo. Less than impressive volume noted but isn't a deal breaker. Wish the option spreads were better on this, I probably won't trade it because of this.
Earnings 7-29
Looks like Churchill Downs is trying to break through. Not a recommendation
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Churchill Downs, Online Wagering, and Gaming. The company owns and operates Derby City Gaming, a historical racing...
Short-term trade idea for NASDAQ:CHDN .
Long trade 129.78 -> 166.84 / Stop Loss: 120.5 (use Trailing Stop with 9.27 below the market).
Profit: 29%, Risk: 7.5%, Risk ratio = 1/4 for all our ideas.
Size: no more 5% of the portfolio for all our ideas.
All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y,...
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.
Fundamental:
As an investor, what I like about this company is that it is adding a "hotel, a gaming facility and additional premium seating would be added to the track." I like this idea from management. I also agree with them that it probably will keep guests longer and attract further guests.
Technical:
Breakout on good volume
Re-evaluation:
I do not plan to...
All the news looks positive here
-BUT-
Looking at the charts, even with the recent split, it all shows sell short.
If you are in this stock long, it is time to sell now, and rebuy maybe in a few months.
I am shorting CHDN right now, as it seems to hit its peak on the trend line, and I have 4 targets laid out for those that want to hold on longer than others
I...
As you may already know, most of the market is in correction mode.
Trade idea: All casino stocks are in a downtrend (e.g. LVS , WYNN, CHDN, etc.). They are part of the consumer cyclical category. In particular, try shorting NASDAQ:CHDN as it is lagging the others. Few things to take note of:
Death cross 50d MA crossing over 200d MA from above
Trend...
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.
