Boyd Gaming, the company that owns and operates 21 gaming entertainment properties as well as the Borgata Hotel Casino in Atlantic City, has turned their stock price around for the better in 2015. They have been climbing up at a nice pace this year. Their chart says that there’s more money to make in the near future and below, I’ll show you why.
Boyd Gaming has some resistance forming around the $17.00 area on the year chart that it should push past as soon at the 20 day moving average gets closer to that price. Right now, Boyd Gaming should pull back to around that $16.50 area and it should get bought up there. The stock is definitely a buy any where between $16.00 – $16.30, but it shouldn’t go that much lower than it’s 20 day moving average (which is the dotted red line on my chart above).
It should move up and test $17.00 again, moving past that price and making $17.00 it’s new support level. The stock is in an uptrend and should stay that way for a while, making this a nice pick up for your portfolio.