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Bullish Moving Average Cross by Gaming And Leisu (GLPI)

By Amy Schwartz

Gaming And Leisu (NASDAQ:GLPI) shares have crossed bullishly above their 10-day moving average of $33.63 on a volume of 737K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Gaming And Leisu has traded in a range of $29.32 to $39.32 and is now at $34.52, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gaming And Leisu on September 26th, 2017 by issuing a Downtrend alert when the shares were trading at $36.82. Since that call, shares of Gaming And Leisu have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses gaming and leisu

Ticker(s): GLPI