Bally Technologies Inc (BYI)

[Bob22701]

BYI - Bally Technologies Makes a Move: Up 1.8%

Financial News Network Online - Market Movers via Comtex

Bally Technologies (NYSE:BYI) is a company whose shares are active, trading 1.8% higher to $38.81. The S&P is trading higher by 0.3% to 1,258 and the Dow is trading 0.4% higher to 12,213.

In the past 52 weeks, shares of Bally Technologies have traded between a low of $24.74 and a high of $43.64 and are now at $38.81, which is 57% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

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.

There is potential upside of 10.2% for shares of Bally Technologies based on a current price of $38.81 and an average consensus analyst price target of $42.77. The stock should find initial support at its 50-day moving average (MA) of $36.07 and further support at its 200-day MA of $35.90.

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