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Boyd Gaming(BYD - Get Report) is a multi-jurisdictional gaming company. This stock is trading up 5.3% at $7.34 in recent trading.
Today's Range: $7.30-$7.67
52-Week Range: $4.12-$9.83
Volume: 1.4 million
Three-Month Average Volume: 1.7 million
From a technical perspective, BYD is gapping up sharply higher here with decent volume right off its 200-day moving average of $7.06. Traders should now look for long-biased trades if BYD can manage to take out some near-term overhead resistance at $7.51, and then its 50-day moving average of $7.80 with high-volume.
Look for a sustained move or close above those levels with volume that's near or above 1.7 million shares. If we get that action soon, I would then add to any long positions once BYD triggers an even bigger breakout trade above $8.52 with volume. A move over $8.52 with volume will set BYD up to re-test its 2012 high of $9.75.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.