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Scientific Gam-A Rises 21.53% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Scientific Gam-A (NASDAQ:SGMS) traded in a range yesterday that spanned from a low of $23.46 to a high of $26.19. Yesterday, the shares gained 21.5%, which took the trading range above the 3-day high of $22.73 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Scientific Gam-A share prices have moved between a 52-week high of $62.80 and a 52-week low of $18.21 and are now trading 42% above that low price at $25.94 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Scientific Gam-A on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $54.70. Since that call, shares of Scientific Gam-A have fallen 61.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders scientific gam-a

Ticker(s): SGMS