Eldorado Resorts - Chart Of The Day

The Chart of the Day belongs to Eldorao Resorts (Nasdaq: ERI). I found the hotel and casino stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more then again for technical buy signals of 80% or better.

Eldorado Resorts, Inc. is a casino entertainment company. It provides casino and entertainment services primarily in Nevada and Louisiana, United States. The Company's facilities and services include casino games; hotels; entertainment and events; signature and casual restaurants; various venues; and guest services. Its casino also provides facilities for meetings and special events; catering and banquet services; and golf, ski, Reno bowling, baseball, base camp climbing, Truckee river, Reno Fernley raceway, and museum services. Eldorado Resorts, Inc. is based in Reno, Nevada.

The status of 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.

Barchart technical indicators:

  • 100% Technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 10 day moving averages
  • 5 new highs and up 14.71% in the last month
  • Relative Strength Index 68.56%
  • Technical support level at 10.68
  • Recently traded at 11.23 with a 50 day moving average of 9.67

Fundamental factors:

  • Market Cap $522.42 million
  • Revenue expected to decline .90% this year but increase again by 28.00% next year
  • Earnings estimated to increase 121.90% this year, an another 1100.00% next year and continue to increase at an annual rate of 5.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 1 hold recommendation on the stock

The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

Disclosure: None.

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Dick Kaplan 3 years ago Member's comment

Sounds promising...