Shuffle Master Inc (SHFL)

[Bob22701]

SHFL - Bullish Moving Average Cross by Shuffle Master

Financial News Network Online - Moving Average Crossovers via Comtex

Shuffle Master (NASDAQ:SHFL) crossed over its 10-day moving average of $11.29 on a volume of 127K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.

There is potential upside of 20.1% for shares of Shuffle Master based on a current price of $11.52 and an average consensus analyst price target of $13.83. Shuffle Master shares have support at the 50-day moving average (MA) of $10.31 and additional support at the 200-day MA of $9.78.

Shuffle Master share prices have moved between a 52-week high of $11.80 and a 52-week low of $7.35 and are now trading 57% above that low price at $11.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 0.4%.

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