WMS Industries Inc. (WMS)

[Bob22701]

WMS - Bearish Moving Average Cross by WMS Industries

(Financial News Network Online - Moving Average Crossovers via Comtex

WMS Industries (NYSE:WMS) shares have crossed bearishly below their 10-day moving average of $19.99 on a volume of 234K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.There is potential upside of 15.5% for shares of WMS Industries based on a current price of $19.83 and an average consensus analyst price target of $22.91. The stock should run into initial resistance at its 50-day moving average (MA) of $19.88 and subsequent resistance at its 200-day MA of $26.97.

In the past 52 weeks, shares of WMS Industries have traded between a low of $16.24 and a high of $49.11 and are now at $19.83, which is 22% above that low price. The 200-day and 50-day moving averages have moved 1.13% lower and 0.55% higher over the past week, respectively.

WMS Industries Inc. designs, manufactures, sells, and leases gaming machines and video lottery terminals. The Company's products are distributed throughout the United States and internationally.

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