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Shares of Eldorado Resorts Has Risen Above Previous 52-Week High

By James Quinn

Shares of Eldorado Resorts (NASDAQ:ERI) traded at a new 52-week high today of $43.15. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 234,000 shares.

Over the past year, Eldorado Resorts has traded in a range of $10.65 to $43.15 and is now at $40.55, 281% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.5%.

Eldorado Resorts Inc. owns and operates as a chain of resorts. The Company offers casino, poker, roulette, and other games, as well as provides food and beverages services. Eldorado Resorts serves customers in the United States.

Eldorado Resorts (NASDAQ:ERI) is currently priced 4.5% above its average consensus analyst price target of $38.71. The stock should find initial support at its 50-day moving average (MA) of $11.66 and further support at its 200-day MA of $10.11.

SmarTrend is tracking the current trend status for Eldorado Resorts and will alert subscribers who have ERI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows eldorado resorts

Ticker(s): ERI