Bally Technologies (BYI) is the Chart of the Day. The diversified gaming machine manufacturer has gained 57.17% in the past year and has a Trend Spotter buy signal.
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The Chart of the Day is Bally Technologies (BYI). The stock is up 57.17% and has both a 100% Barchart technical buy signal and a Trend Spotter buy signal. I found the stock by sorting the New High List for frequency.
The company is a diversified, worldwide gaming company that designs, manufactures and distributes gaming machines and computerized monitoring systems for gaming machines. It also owns and manages a significant installed base of gaming machines They own and operate casinos and in Germany, is a full-service supplier of wall-mounted gaming machines and amusement games.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Brachart technical indicators:
- 100% Brachart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 19 new highs and up 28.71% in the last month
- Relative Strength Index 85.45%
- Barchart computes a technical support level at 68.87
- Recently traded at 70.92 with a 50 day moving average of 57.60
Fundamental factors:
- Market Cap $2.93 billion
- P/E 21.40
- Revenue expected to grow 5.70% this year and another 9.40% next year
- Earnings estimated to increase 40.00% this year, an additional 13.10% next year and continue to increase 9.00% a year for at least the next 5 years
- Wall Street analysts issued 4 strong buy, 7 buy and 4 hold recommendations
- Financial Strength is B+
If the stock drops below its 50 day moving average that may be a good time to exit the trade,
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