Keep an eye on Boyd Gaming (BYD).

After missing earnings, its stock plummeted from about $64 to just under $53. It’s now oversold at triple-bottom support dating back to late 2022. It’s also over-extended on RSI and MACD. From its last traded price of $55.13, we’d like to see it eventually refill that gap at $64.

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Helping, analysts at Raymond James just initiated an outperform rating on the stock. Even better, the company just recently declared a 17-cent dividend, payable July 15 to shareholders of record as of June 15. Plus, the company just authorized an additional $500 million buyback.

Sincerely,

Ian Cooper