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International Game Technology Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

International Game Technology (NYSE:IGT) traded at a new 52-week high today of $23.10. This new high was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 655,000 shares.

International Game Technology (NYSE:IGT) defies analysts with a current price ($23.10) 14.1% above its average consensus price target of $19.83. International Game Technology shares have support at the 50-day moving average (MA) of $17.15 and additional support at the 200-day MA of $16.41.

International Game Technology share prices have moved between a 52-week high of $23.10 and a 52-week low of $12.48 and are now trading 85% above that low price at $23.10 per share. The 200-day and 50-day moving averages have moved 0.07% lower and 1.42% higher over the past week, respectively.

International Game Technology designs and manufactures computerized casino gaming systems. The Company also develops and manufactures systems that monitor slot machine play and track player activity, as well as wide area progressive systems. International Game sells its products around the world.

SmarTrend recommended that subscribers consider buying shares of International Game Technology on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.07. Since that recommendation, shares of International Game Technology have risen 14.3%. We continue to monitor IGT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows international game technology

Ticker(s): IGT