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Shares of International Game Technology Rise Above Previous 52-Week High

By Shiri Gupta

Shares of International Game Technology (NYSE:IGT) traded today at $22.38, breaking its 52-week high. This new high was reached on below average trading volume as 54,000 shares traded hands, while the average 30-day volume is approximately 655,000 shares.

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.

Based on a current price of $22.38, International Game Technology is currently 11.4% above its average consensus analyst 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 $22.38 and a 52-week low of $12.48 and are now trading 79% above that low price at $22.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

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 10.6%. 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