Scientific Games Corp. (SGMS)

[Bob22701]

When Scientific Games (NASDAQ:SGMS) reported earnings 12 days ago on November 2nd, 2011, analysts, on average, expected the company to report earnings of $0.05 on sales of $212.5 million. Scientific Games actually reported earnings of $0.03 per share on sales of $222.7 million, missing EPS estimates by $0.02 and beating revenue estimates by $10.2 million. Shares of Scientific Games have climbed from $8.65 to $8.75, representing a gain of 1.2% since the company reported earnings 12 days ago.

Scientific Games share prices have moved between a 52-week high of $11.27 and a 52-week low of $6.50 and are now trading 35% above that low price at $8.75 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 0.06% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Scientific Games on October 14th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.25. Since that recommendation, shares of Scientific Games have risen 6.1%. We continue to monitor SGMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at [e-mail]

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