Sitting on a Cash Pile 10.0? Let's Go Racing!
#cash #bullish #buy
Churchill Downs Inc. (NASDAQ:CHDN) broke out on 4 November at 165.29 and confirmed on 5 January at 192.27 and is currently trading at 196.11 within it 52 wk trading range of 52.90 - 212.60.
There is Strong support at 179.22 and Key resistance at 197.51, and light resistance through 212.58.
Our Key technical indicators are all turning Very Bullish in here. We established a Buy rating with a target price at 240 later this year.
The Kentucky Derby
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States.
CHDN operates through 3 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.
Also, 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.
Plus, 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 Y 1928 and is HQ;d in Louisville, Kentucky.
Have a healthy day, Keep the Faith!
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