Konami Corp (KNM)

[Bob22701]

KNM - Konami Shares Sinking Lower, Down 2.1%

Financial News Network Online - Market Movers via Comtex

Konami (NYSE:KNM), a company whose shares are moving quickly, is trading 2.1% lower to $29.25. The Dow is up 0.4% to 12,146 and the S&P is currently trading fractionally higher to 1,258.

Konami has overhead space with shares priced $29.25, or 16.4% below the average consensus analyst price target of $34.97. The stock should find resistance at its 50-day moving average (MA) of $31.96, as well as support at its 200-day MA of $26.22.

KONAMI Corporation develops and sells consumer video game software and arcade game machines for amusement facilities. The Company operates in the United States, France, Germany, the United Kingdom, Hong Kong, Singapore, Korea, and Brazil. Konami also develops liquid crystal display for Pachinko and manages amusement facilities.

Konami share prices have moved between a 52-week high of $37.22 and a 52-week low of $16.74 and are now trading 75% above that low price at $29.25 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.2%.