pool adsLearn to Evaluate Boyd Gaming (BYD) using the Charts
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.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | 62.99 |
| P2 | 57.78 | 58.73 | 68.70 |
| P3 | 59.49 | 61.09 | 75.04 |
Support and Resistance Plot Chart for BYD
Longer Term Trading Plans for BYD
Our Longer Term Plans for BYD help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this BYD Report.
Long Support Plan (Long Term Trading)
NONE.
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
Short Resistance Plan (Long Term Trading)
Short BYD under 62.99, target n/a, stop loss @ 63.17
The technical summary data is suggesting a short of BYD as it gets near 62.99, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 63.17. 62.99 is the first level of resistance above 58.68, and by rule, any test of resistance is a short signal. In this case, if resistance 62.99 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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