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

By Nick Russo

Scientific Gam-A (NASDAQ:SGMS) crossed over its 10-day moving average of $26.45 on a volume of 173K 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.

Scientific Gam-A share prices have moved between a 52-week high of $62.80 and a 52-week low of $24.35 and are now trading 10% above that low price at $26.70 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 4% while the 200-day MA has slid 0.9%.

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 52.0%. 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