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Eldorado Resorts Bullish Moving Average Crossover Alert (ERI)

By Amy Schwartz

Eldorado Resorts (NASDAQ:ERI) shares have crossed bullishly above their 10-day moving average of $46.34 on a volume of 107K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Eldorado Resorts share prices have been bracketed by a low of $29.16 and a high of $50.97 and are now at $47.61, 63% 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 remained constant.

SmarTrend is monitoring the recent change of momentum in Eldorado Resorts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eldorado Resorts in search of a potential trend change.

Keywords: moving crosses eldorado resorts

Ticker(s): ERI