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Shares of Eldorado Resorts Rise Above Previous 52-Week High

By Amy Schwartz

Eldorado Resorts (NASDAQ:ERI) traded at a new 52-week high today of $44.10. This new high was reached on below average trading volume as 91,000 shares traded hands, while the average 30-day volume is approximately 234,000 shares.

Over the past year, Eldorado Resorts has traded in a range of $10.65 to $44.10 and is now at $43.65, 310% 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 (NASDAQ:ERI) defies analysts with a current price ($43.65) 11.3% above its average consensus 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.

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.

SmarTrend recommended that subscribers consider buying shares of Eldorado Resorts on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.38. Since that recommendation, shares of Eldorado Resorts have risen 4.2%. We continue to monitor ERI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows eldorado resorts

Ticker(s): ERI