Learn to Evaluate Boyd Gaming (BYD) using the Charts – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for BYD
  • Buy BYD over 59.67 target 68.26 stop loss @ 59.5 Details
  • The technical summary data tells us to buy BYD near 59.67 with an upside target of 68.26. This data also tells us to set a stop loss @ 59.5 to protect against excessive loss in case the stock begins to move against the trade. 59.67 is the first level of support below 66.39 , and by rule, any test of support is a buy signal. In this case, support 59.67 would be being tested, so a buy signal would exist.

  • Short BYD under 68.26, target 59.67, stop loss @ 68.46 Details
  • The technical summary data is suggesting a short of BYD as it gets near 68.26 with a downside target of 59.67. We should have a stop loss in place at 68.46though. 68.26 is the first level of resistance above 66.39, and by rule, any test of resistance is a short signal. In this case, if resistance 68.26 is being tested, so a short signal would exist.

Swing Trading Plans for BYD
  • Buy BYD over 66.45, target 68.26, Stop Loss @ 66.26 Details
  • If 66.45 begins to break higher, the technical summary data tells us to buy BYD just over 66.45, with an upside target of 68.26. The data also tells us to set a stop loss @ 66.26 in case the stock turns against the trade. 66.45 is the first level of resistance above 66.39, and by rule, any break above resistance is a buy signal. In this case, 66.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BYD near 66.45, target 63.20, Stop Loss @ 66.64. Details
  • The technical summary data is suggesting a short of BYD if it tests 66.45 with a downside target of 63.20. We should have a stop loss in place at 66.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BYD
  • Buy BYD over 66.45, target 67.66, Stop Loss @ 66.29 Details
  • If 66.45 begins to break higher, the technical summary data tells us to buy BYD just over 66.45, with an upside target of 67.66. The data also tells us to set a stop loss @ 66.29 in case the stock turns against the trade. 66.45 is the first level of resistance above 66.39, and by rule, any break above resistance is a buy signal. In this case, 66.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BYD near 66.45, target 65.96, Stop Loss @ 66.61. Details
  • The technical summary data is suggesting a short of BYD if it tests 66.45 with a downside target of 65.96. We should have a stop loss in place at 66.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BYD Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Strong Strong
P1 0 0 59.67
P2 65.96 63.20 68.26
P3 67.66 66.45 77.60

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Boyd Gaming (NYSE: BYD) report below can help you understand how to do this. The trading plans for BYD, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

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Fundamental Charts for BYD

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