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?
