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Bullish Moving Average Cross by Boyd Gaming (BYD)

By James Quinn

Boyd Gaming (NYSE:BYD) crossed over its 10-day moving average of $25.29 on a volume of 159K shares. This may provide short-term investors a chance 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 $26.20 and are now at $25.52, 91% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

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 32.3%. 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