Bally Technologies Inc (BYI)

[Bob22701]

Bally Technologies Bullish Moving Average Crossover Alert (BYI)
18 hours 25 minutes ago - Financial News Network Online - Moving Average Crossovers via Comtex

Bally Technologies (NYSE:BYI) shares have crossed bullishly above their 10-day moving average of $36.68 on a volume of 199K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.Bally Technologies has overhead space with shares priced $38.34, or 7.9% below the average consensus analyst price target of $41.61. The stock should find initial support at its 200-day moving average (MA) of $35.99 and further support at its 50-day MA of $32.70.

Bally Technologies Inc. designs, manufactures, distributes gaming devices, systems, and technology solutions worldwide. The Company's product line includes slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. Bally's offers casino management, slot accounting, bonusing, cashless and table management solutions.

Over the past year, Bally Technologies has traded in a range of $24.74 to $44.46 and is now at $38.34, 55% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.0%.