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SmarTrend Watching for Potential Rebound in Shares of International Ga After 7.86% Loss

By Shiri Gupta

International Ga (NYSE:IGT) traded in a range yesterday that spanned from a low of $15.60 to a high of $17.07. Yesterday, the shares fell 7.9%, which took the trading range below the 3-day low of $16.61 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of International Ga have traded between a low of $15.01 and a high of $31.00 and are now at $15.79, which is 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of International Ga on August 6th, 2018 by issuing a Downtrend alert when the shares were trading at $22.24. Since that call, shares of International Ga have fallen 22.2%. 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