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After Yesterday's Rally of 18.45% Shares Could Potentially Pullback

By Nick Russo

Scientific Gam-A (NASDAQ:SGMS) traded in a range yesterday that spanned from a low of $25.37 to a high of $27.90. Yesterday, the shares gained 18.4%, which took the trading range above the 3-day high of $27.25 on volume of 714,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Scientific Gam-A have traded between a low of $14.79 and a high of $29.95 and are now at $27.55, which is 86% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 3.3%.

SmarTrend is tracking the current trend status for Scientific Gam-A and will alert subscribers who have SGMS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders scientific gam-a

Ticker(s): SGMS