Bally Technologies Inc (BYI)

[Bob22701]

BYI - Bally Technologies Crosses Below its 10-day MA

Financial News Network Online - Moving Average Crossovers via Comtex

Today, shares of Bally Technologies (NYSE:BYI) have crossed bearishly below their 10-day moving average of $37.60 on a volume of 145K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.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.

Bally Technologies share prices have moved between a 52-week high of $44.46 and a 52-week low of $24.74 and are now trading 51% above that low price at $37.46 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

Bally Technologies (NYSE:BYI) has potential upside of 11.1% based on a current price of $37.46 and analysts' consensus price target of $41.61. The stock should find initial support at its 200-day moving average (MA) of $35.92 and further support at its 50-day MA of $34.06.

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