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Watch for Gaming And Leisu to Potentially Pullback After Gaining 1.01% Yesterday

By David Diaz

Gaming And Leisu (NASDAQ:GLPI) traded in a range yesterday that spanned from a low of $33.62 to a high of $34.14. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $33.69 on volume of 968,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Gaming And Leisu share prices have moved between a 52-week high of $39.32 and a 52-week low of $29.32 and are now trading 16% above that low price at $33.95 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gaming And Leisu on September 26th, 2017 by issuing a Downtrend alert when the shares were trading at $36.82. Since that call, shares of Gaming And Leisu have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders gaming and leisu

Ticker(s): GLPI