Scientific Games Corp. (SGMS)

[Bob22701]

SGMS - Shares of Scientific Games Under Pressure, Down 2.9%

Financial News Network Online - Market Movers via Comtex

Down 2.9% to $7.99, Scientific Games (NASDAQ:SGMS), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.3% lower to 11,835 and the S&P is trading fractionally higher to 1,217.

Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses.

Potential upside of 61.5% exists for Scientific Games, based on a current level of $7.99 and analysts' average consensus price target of $12.90. The stock should find initial resistance at its 50-day moving average (MA) of $8.33 and further resistance at its 200-day MA of $8.84.

In the past 52 weeks, shares of Scientific Games have traded between a low of $6.50 and a high of $11.27 and are now at $7.99, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 1.55% higher over the past week, respectively.

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