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BOYD GAMING CORP (BYD)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, Boyd Gaming Corporation is from the watchlist section of the weekly report. It is featuring a possible rectangle setup that can breakout to all-time highs.

BOYD GAMING CORP (BYD)

Boyd Gaming Corporation is a gaming company, which is a diversified operator of 28 gaming entertainment properties in 10 states. The stock is listed on the New York Stock Exchange. Price chart formed a 24 month-long rectangle with the horizontal boundary acting as strong resistance at 71.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 73.15 levels will confirm the breakout from the 24 month-long rectangle with the possible chart pattern price target of 93.00 levels. The stock offers trading opportunity between the well-defined boundaries.


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