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Look for Shares of Boyd Gaming Corp to Potentially Rebound after Yesterday's 3.06% Sell Off

By Shiri Gupta

Boyd Gaming Corp (NYSE:BYD) traded in a range yesterday that spanned from a low of $28.15 to a high of $28.17. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $28.77 on volume of 437,000 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 January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.74. Since that recommendation, shares of Boyd Gaming Corp have risen 27.8%. We continue to monitor BYD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Boyd Gaming Corp share prices have been bracketed by a low of $18.98 and a high of $39.35 and are now at $28.17, 48% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 2.00% higher over the past week, respectively.

Keywords: rebounders boyd gaming corp

Ticker(s): BYD