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International Ga Rises 3.15% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

International Ga (NYSE:IGT) traded in a range yesterday that spanned from a low of $25.23 to a high of $26.02. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $25.60 on volume of 2.4 million 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, International Ga share prices have been bracketed by a low of $17.32 and a high of $31.00 and are now at $25.92, 50% 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 declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of International Ga on May 24th, 2018 by issuing a Downtrend alert when the shares were trading at $27.38. Since that call, shares of International Ga have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders international ga

Ticker(s): IGT