Churchill Downs - Chart For Today
Summary
- 100% technical buy signals.
- 15 new highs and up 16.85%.
- 73.00% gain in the last year.
The Barchart Chart of the Day belongs to the horse racetrack and gaming company Churchill Downs (CHDN). I found the stock by using Barchart's powerful screening tools to find stocks with the highest Weighted Alpha and technical buy signals of 90% or more. I sorted that list of 250 stocks by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 12/11 the stock gained 18.89%.
Churchill Downs, the world's most legendary racetrack, has conducted Thoroughbred racing and presented America's greatest race, the Kentucky Derby. Churchill Downs, Inc. has Five racetracks; Six casinos; Big Fish Games, the world's largest distributor of casual games; The country's leading online wagering business, TwinSpires.com; A video poker business, A multi-state network of off-track betting (OTB) facilities; and a collection of racing-related data, totalisator and telecommunication companies that support CDI's sports and gaming operations. CDI owes much to its horse racing heritage and is expanding on that tradition while evolving its business mix, management team and growth strategies to navigate any challenges. CDI's launch of TwinSpires.com, an advance-deposit waging platform that allows customers to wager on horse racing from computers, tablet devices, and smartphones, created another retail outlet for wagering transactions and data distribution.
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Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 73.47+ Weighted Alpha
- 73.00% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 16.85% in the last month
- Relative Strength Index 81.13%
- Technical support level at 152.45
- Recently traded at 159.16 with a 50 day moving average of 138.73
Fundamental factors:
- Market Cap $6.20 billion
- P/E 36.38
- Dividend yield .38%
- Revenue expected to grow 30.10% this year and another 5.40% next year
- Earnings estimated to increase 3.80% this year, an additional 6.30% next year and continue to compound at an annual rate of 12.00% for the next 5 years
- 4 Wall Street analysts that follow the stock gave 3 strong buy and 1 hold recommendation on the stock
- The individual investors following the stock on Motley Fool voted 76 to 21 that the stock will beat the market
- 2,733 investors are monitoring the stock on Seeking Alpha
Disclosure: None.