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Shares of Scientific Games Has Risen Above Previous 52-Week High

By James Quinn

Scientific Games (NASDAQ:SGMS) traded at a new 52-week high today of $26.95. So far today approximately 66,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Based on a current price of $26.45, Scientific Games is currently 41.4% above its average consensus analyst price target of $15.50. The stock should find initial support at its 200-day moving average (MA) of $9.67 and further support at its 50-day MA of $9.62.

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.

In the past 52 weeks, shares of Scientific Games have traded between a low of $4.56 and a high of $26.95 and are now at $26.45, which is 480% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 3.0%.

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 11.2%. 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