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Watch for Boyd Gaming Corp to Potentially Rebound After Falling 1.30% Yesterday

By Amy Schwartz

Boyd Gaming Corp (NYSE:BYD) traded in a range yesterday that spanned from a low of $24.98 to a high of $25.78. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $25.01 on volume of 779,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Boyd Gaming Corp has traded in a range of $18.98 to $37.39 and is now at $24.98, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Boyd Gaming Corp and will alert subscribers who have BYD in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders boyd gaming corp

Ticker(s): BYD