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Bullish Moving Average Cross by Scientific Gam-A (SGMS)

By Amy Schwartz

Scientific Gam-A (NASDAQ:SGMS) crossed over its 10-day moving average of $27.87 on a volume of 484K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Scientific Gam-A share prices have been bracketed by a low of $25.30 and a high of $62.80 and are now at $28.44, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 3.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Scientific Gam-A on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $54.70. Since that call, shares of Scientific Gam-A have fallen 50.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses scientific gam-a

Ticker(s): SGMS