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CHDN — Oversold Bullish Reversal
Status: Watch
Scanner score: 20.0/100
Why this was flagged
CHDN was identified as a bullish technical setup based on the Oversold Bullish Reversal pattern. The scanner found a score of 20.0/100 using trend alignment, momentum, price action, volume, and risk-management rules.
Trade framework
Position-sizing example
These examples use the distance between the reference entry and stop-loss. They do not account for commissions, slippage, taxes, overnight gaps, or your personal account size.
Exit plan
- Stop-loss: Exit if the stop-loss is reached. Do not move the stop farther away to avoid taking the planned loss.
- Target 1: Consider taking partial profit when Target 1 is reached and reducing risk on the remaining shares.
- Target 2 or trailing exit: Consider closing the remaining position at Target 2, or use a disciplined trailing stop only if the trend remains strong.
- Time exit: Reassess or close a trade that fails to progress within the suggested holding window.
Technical chart
Daily closing price with moving averages and planned trade levels. This chart is a screening aid, not a guarantee of future results.
$1,000 educational outcome examples
These examples use a $1,000 position and fractional shares at the midpoint of the entry zone. Actual results can differ because of market gaps, fills, spreads, commissions, taxes, slippage, and changing conditions.
Easy explanation for new investors
Recent news context
This automated review is separate from the technical score. It summarizes recent related articles and does not predict price movement.
Overall context: Neutral (High confidence)
Churchill Downs recently reported quarterly earnings that met estimates and revenue that exceeded expectations, with analysts maintaining a "Moderate Buy" rating and a consensus price target of $134.89. Institutional ownership is high at 82.59%, with several major investors, including Tidal Investments and Legal & General Group, recently increasing or acquiring stakes in the company. The firm is exploring the potential sale of its Oxford Casino in Maine to refocus on horse racing and its TwinSpires platform, though no timeline is set. Additionally, the company requested an independent review of HISA data security following a regulatory controversy, and it announced a partnership with content creators for the upcoming Kentucky Derby.
Potentially supportive context
- Quarterly earnings matched analyst estimates while revenue exceeded expectations.
- Wall Street analysts maintain a "Moderate Buy" rating with a consensus price target of $134.89.
- High institutional ownership at 82.59%, including recent stakes acquired by Legal & General and Tidal Investments.
Risks and caution items
- Potential sale of the Oxford Casino in Maine and eight other properties introduces business restructuring uncertainty.
- The company sent a letter to the FTC requesting an independent review of HISA following a data security controversy.
- Gaming revenue experienced a slight dip in Q2, though Oxford Casino year-to-date revenue remains relatively stable.
Latest reviewed article: Sep 11, 2026 10:32 am
Recent related articles
Tidal Investments LLC significantly increased its stake in Churchill Downs (NASDAQ:CHDN) by 43.8% in the second quarter, now holding 226,804 shares valued at $20.3 million. Despite shares opening near their 12-month low, analysts maintain a "Moderate Buy" rating with a consensus price…
Amy Czerwonka and Aaron DuVall, known as @datelistlou, have been recognized as two of Louisville's Top Content Creators for 2026. The duo, who previously covered Kentucky Derby week in 2025, will serve as official influencer partners for Churchill Downs Inc. for the…
The Public Employees Retirement System of Ohio has acquired a new stake in Churchill Downs (NASDAQ:CHDN), purchasing 19,479 shares valued at approximately $1.75 million. This move is part of broader institutional investment, with several other hedge funds also increasing their positions in…
Legal & General Group Plc has acquired a significant stake in Churchill Downs, Incorporated, purchasing 84,620 shares valued at approximately $7.58 million. Other major institutional investors have also recently bought shares in the company, with institutional investors and hedge funds collectively owning…
Churchill Downs and the National Horsemen’s Benevolent and Protective Association (NHBPA) have separately sent letters to the Federal Trade Commission (FTC), requesting an independent review of the Horseracing Integrity and Safety Authority (HISA). These requests follow the Marshall Gramm case, where a…
The Manufacturers Life Insurance Company acquired a new stake of 48,728 shares in Churchill Downs, Inc. (NASDAQ:CHDN) valued at approximately $4.37 million during the second quarter. This move is part of broader institutional interest, with several other hedge funds also adjusting their…
Churchill Downs Incorporated is considering selling several properties, including the Oxford Casino Hotel and Sportsbook in Oxford, Maine, to reallocate investments towards its racetrack, the Kentucky Derby, horse racing, and its TwinSpires wagering platform. While a Form 8-K filing lists the Oxford…
Churchill Downs Inc. is considering selling its Oxford Casino in Maine, along with eight other properties, as the company shifts its focus more towards horse racing. The Oxford Casino was purchased by Churchill Downs Inc. in 2013 for $160 million and has…
Important: Some returned articles may describe competitors, industry conditions, or related companies. Open the source before relying on an article.
Scanner confirmations
- RSI is near oversold territory with bullish candle confirmation.