Boyd Gaming Corporation (BYD)

This company is reacting to breaking news.

Watch the relative momentum chart closely. Red indicates underperformance relative to the S&P 500 Index. Recent price action also broke below the uptrend line. This chart is similar to the MGM Resorts International (MGM) chart.

BYD is currently testing its 200DMA. We will know very soon if the bulls will defend this area.

For more information on how we evaluate stocks, check out Seven Steps to Better Stock Trading, Part 1 and the video in Part 2.