WMS Industries Inc. (WMS)

[Bob22701]

WMS Industries Crosses Below its 10-day MA (WMS)

Financial News Network Online - Moving Average Crossovers via Comtex

Today, shares of WMS Industries (NYSE:WMS) have fallen below their 10-day MA of $20.13 on a volume of 287K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.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.

In the past 52 weeks, WMS Industries share prices have been bracketed by a low of $16.24 and a high of $48.08 and are now at $19.80, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has advanced 0.9%.

There is potential upside of 11.9% for shares of WMS Industries based on a current price of $19.80 and an average consensus analyst price target of $22.16. The stock should find initial resistance at its 50-day moving average (MA) of $19.95 and further resistance at its 200-day MA of $26.78.

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