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Bearish Moving Average Cross by International Ga (IGT)

By David Diaz

International Ga (NYSE:IGT) shares have crossed bearishly below their 10-day moving average of $29.34 on a volume of 1.8 million 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.

International Ga share prices have moved between a 52-week high of $31.00 and a 52-week low of $17.25 and are now trading 60% above that low price at $27.61 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of International Ga on April 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.10. Since that recommendation, shares of International Ga have risen 6.1%. We continue to monitor IGT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses international ga

Ticker(s): IGT