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Watch for Scientific Gam-A to Potentially Pullback After Gaining 6.18% Yesterday

By Nick Russo

Scientific Gam-A (NASDAQ:SGMS) traded in a range yesterday that spanned from a low of $22.11 to a high of $22.62. Yesterday, the shares gained 6.2%, which took the trading range above the 3-day high of $21.77 on volume of 1.1 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, Scientific Gam-A share prices have been bracketed by a low of $14.79 and a high of $62.80 and are now at $22.18, 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.6%.

SmarTrend is tracking the current trend status for Scientific Gam-A and will alert subscribers who have SGMS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders scientific gam-a

Ticker(s): SGMS