Long Position on BYD @ $17.00 on 9/16/2015 (Momentum)

This positon replaces the BYD positon that was taken on August 4th and subsequently closed on 9/11/2015 at a wrong price. This is done to keep the portfolio performance accurate. THIS IS NOT A NEW ENTRY!

Boyd Gaming Corporation (BYD) operates as a multi-jurisdictional gaming company.

It operates in five segments: Las Vegas, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata.

The company owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey.

It also owns and operates a travel agency in Hawaii; and the Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

In addition, the company underwrites travel-related insurance services. As of December 31, 2014, it owned and managed 1,268,345 square feet of casino space comprising 30,392 slot machines, 777 table games, and 11,391 hotel rooms. 

Shares have formed a bullish "cup and handle" formation following the company's latest quarterly results. Higher share prices are expected for this stock.

52-Weeks Trading Range: $8.78 - $17.61 

Entry Point: $17.00

Stop Loss: $16.15

Target Price: $18.70

Updates

9/16/2015 3:17:02 PM

closed at 16.33

Position closed on 9/16/2015 at price of $16.33 with a -3.94% loss in 0 days.

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