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SmarTrend Watching for Potential Pullback in Shares of Gaming And Leisu After 1.25% Gain

By James Quinn

Gaming And Leisu (NASDAQ:GLPI) traded in a range yesterday that spanned from a low of $49.04 to a high of $49.63. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $49.26 on volume of 192,000 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, Gaming And Leisu share prices have been bracketed by a low of $35.39 and a high of $49.26 and are now at $49.04, 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Gaming And Leisu and will alert subscribers who have GLPI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders gaming and leisu

Ticker(s): GLPI