Shuffle Master Inc (SHFL)

[Bob22701]

SHFL - Shuffle Master's Shares Changing Hands at Higher Prices on 4.0x Above-Average Volume (SHFL)

Financial News Network Online - Unusual Volume via Comtex

Shares of Shuffle Master are trading today in above average volume, with the share price rising 10.5% to $11.85. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 264,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

Potential upside of 16.7% exists for Shuffle Master, based on a current level of $11.85 and analysts' average consensus price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $10.74 and further support at its 200-day MA of $9.86.

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.

Shuffle Master share prices have moved between a 52-week high of $12.21 and a 52-week low of $7.35 and are now trading 61% above that low price at $11.85 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

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