• Return to Headlines

Recent 52-Week High Exceeded in Shares of Scientific Games (SGMS)

By Amy Schwartz

Scientific Games (NASDAQ:SGMS) traded today at a new 52-week high of $25.40. Approximately 91,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Scientific Games (NASDAQ:SGMS) is currently priced 38.2% above its average consensus analyst price target of $15.50. The stock should discover initial support at its 200-day moving average (MA) of $9.67 and subsequent support at its 50-day MA of $9.62.

In the past 52 weeks, Scientific Games share prices have been bracketed by a low of $4.56 and a high of $25.40 and are now at $25.10, 450% above that low price. The 200-day and 50-day moving averages have moved 1.3% lower and 2.95% higher over the past week, respectively.

Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses.

SmarTrend recommended that subscribers consider buying shares of Scientific Games on April 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.92. Since that recommendation, shares of Scientific Games have risen 4.3%. We continue to monitor SGMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows scientific games

Ticker(s): SGMS