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Churchill Downs

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CHR trade ideas

Pullback FishingHow 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 reminds me of the titanic splitting apart at the seams, yet everyone upstairs partying and totally oblivious to what is going on..then we sink )o: Not a recommendation
NASDAQ:CHDN
by lauralea
Cup and HandleRough 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 company owns and operates Derby City Gaming, a historical racing machine in Louisville, Kentucky; online horse racing wagering platform, TwinSpires.com; and offers sports betting and iGaming through BetAmerica platform. It also operates 5 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. In addition, the company operates 8 casinos, which provides brick-and-mortar casino gaming services with approximately 11,000 slot machines and video lottery terminals and 200 table games; and operates hotels. Further, it offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. Additionally, the company manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses; and provides totalizator services. Churchill Downs Incorporated was founded in 1928 and is headquartered in Louisville, Kentucky.
NASDAQ:CHDNLong
by lauralea
4
Bull FlagEarnings 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 machine in Louisville, Kentucky; online horse racing wagering platform, TwinSpires.com; and offers sports betting and iGaming through BetAmerica platform. It also operates 5 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. In addition, the company operates 8 casinos, which provides brick-and-mortar casino gaming services with approximately 11,000 slot machines and video lottery terminals and 200 table games; and operates hotels. Further, it offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. Additionally, the company manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses; and provides totalizator services. Churchill Downs Incorporated was founded in 1928 and is headquartered in Louisville, Kentucky.
NASDAQ:CHDNLong
by lauralea
CHDN 29% profit / Long trade 129.78 -> 166.84 / Stop Loss: 120.5Short-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, Profit Margin) together with strong long-term up trends. Stay tuned with more ideas and market signals with our Telegram-bot.
NASDAQ:CHDNLong
by RichSimon
CHDM: The Grander PictureFundamental: 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 sell a great investment; I only plan to re-evaluate its merits at certain key points and highlights. Maybe the next point will be 200.
NASDAQ:CHDNLong
by Rocketman
Churchill Downs even with good news, is in a time to short CHDNAll 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 believe it could hit all 4 targets especially with people starting to watch their money at this time, until we hit the March Madness season and the actual Kentucky Derby race in May. Thoughts?
NASDAQ:CHDNShort
by jeffyanzo
Short CHDNAs 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 line break with a confirmed daily close down Not the best, but a pretty decent SHS formation Volume is increasing Although RSI is low, it can stay there for prolonged periods of time Overall market sentiment is negative I see that total shares available is about 13.6M, so if it dumps, it will move down fast If you can short it directly, it's best to use calls as protection due to low float; otherwise, short it via puts with an appropriate expiration date or you can sell bear call spreads $200, $160, $120, $106, $91, $86, $58, and $30 are support targets in descending order. Height of the SHS formation is about $55. Neckline is roughly $255. So $200 (255 - 55) is roughly the measured target for profits. I believe we can get there pretty easily in a short period of time. You could use 3% or 4% above the neckline (roughly $270) as a stop.
NASDAQ:CHDNShort
by TheSwinger