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Bullish Moving Average Cross by Boyd Gaming (BYD)

By David Diaz

Today, shares of Boyd Gaming (NYSE:BYD) have advanced above their 10-day MA of $22.77 on a volume of 2.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Boyd Gaming share prices have been bracketed by a low of $13.35 and a high of $24.41 and are now at $24.04, 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Boyd Gaming on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.04. Since that recommendation, shares of Boyd Gaming have risen 18.0%. We continue to monitor BYD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses boyd gaming

Ticker(s): BYD