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Watch for Boyd Gaming Corp to Potentially Rebound After Falling 2.03% Yesterday

By Nick Russo

Boyd Gaming Corp (NYSE:BYD) traded in a range yesterday that spanned from a low of $33.52 to a high of $34.60. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $34.38 on volume of 925,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Boyd Gaming Corp on February 8th, 2018 by issuing a Downtrend alert when the shares were trading at $37.04. Since that call, shares of Boyd Gaming Corp have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Boyd Gaming Corp share prices have been bracketed by a low of $16.77 and a high of $40.44 and are now at $33.76, 101% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

Keywords: rebounders boyd gaming corp

Ticker(s): BYD