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After Yesterday's Decline of 4.90%, Boyd Gaming Corp Offers Investors Better Value

By Shiri Gupta

Boyd Gaming Corp (NYSE:BYD) traded in a range yesterday that spanned from a low of $26.31 to a high of $28.43. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $26.51 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Boyd Gaming Corp on June 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.74. Since that recommendation, shares of Boyd Gaming Corp have risen 4.5%. We continue to monitor BYD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Boyd Gaming Corp has traded in a range of $18.98 to $37.67 and is now at $26.43, 39% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders boyd gaming corp

Ticker(s): BYD