When the Price of (BYD) Talks, People Listen

January 26, 2024, 14:04 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BYD

• Buy BYD slightly over 61.43 target 65.99 stop loss @ 61.25 Details

The technical summary data tells us to buy BYD near 61.43 with an upside target of 65.99. This data also tells us to set a stop loss @ 61.25 to protect against excessive loss in case the stock begins to move against the trade. 61.43 is the first level of support below 64.09 , and by rule, any test of support is a buy signal. In this case, support 61.43 is being tested, a buy signal would exist.

• Short BYD slightly under 65.99, target 61.43, stop loss @ 66.18 Details

The technical summary data is suggesting a short of BYD as it gets near 65.99 with a downside target of 61.43. We should have a stop loss in place at 66.18though. 65.99 is the first level of resistance above 64.09, and by rule, any test of resistance is a short signal. In this case, if resistance 65.99 is being tested, a short signal would exist.

Swing Trading Plans for BYD

• Buy BYD slightly over 65.21, target 65.99, Stop Loss @ 65.02 Details

If 65.21 begins to break higher, the technical summary data tells us to buy BYD just slightly over 65.21, with an upside target of 65.99. The data also tells us to set a stop loss @ 65.02 in case the stock turns against the trade. 65.21 is the first level of resistance above 64.09, and by rule, any break above resistance is a buy signal. In this case, 65.21, 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 slightly near 65.21, target 63.83, Stop Loss @ 65.4. Details

The technical summary data is suggesting a short of BYD if it tests 65.21 with a downside target of 63.83. We should have a stop loss in place at 65.4 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, 65.21, 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 slightly over 64.43, target 65.21, Stop Loss @ 64.28 Details

If 64.43 begins to break higher, the technical summary data tells us to buy BYD just slightly over 64.43, with an upside target of 65.21. The data also tells us to set a stop loss @ 64.28 in case the stock turns against the trade. 64.43 is the first level of resistance above 64.09, and by rule, any break above resistance is a buy signal. In this case, 64.43, 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 slightly near 64.43, target 63.83, Stop Loss @ 64.58. Details

The technical summary data is suggesting a short of BYD if it tests 64.43 with a downside target of 63.83. We should have a stop loss in place at 64.58 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, 64.43, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Boyd Gaming Corporation (BYD) available here: BYD.

BYD Ratings for January 26:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	56.61
P2	63.61	63.83	61.43
P3	64.43	65.21	65.99

AI Generated Signals for BYD

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Boyd Gaming Corporation (NYSE: BYD) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BYD can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.