Scientific Games Corp. (SGMS)

[Bob22701]

SGMS - Trading Higher on Heavy Volume are Shares of Scientific Games on 1.6x Above-Average Volume (SGMS)
43 minutes ago - Financial News Network Online - Unusual Volume via Comtex

Scientific Games's stock is up 11.3% to $9.13 on heavy trading volume. Approximately 704,000 shares have changed hands today vs. average 30-day volume of 428,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

In the past 52 weeks, Scientific Games share prices have been bracketed by a low of $6.50 and a high of $11.27 and are now at $9.13, 40% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.33% higher over the past week, respectively.

Scientific Games has overhead space with shares priced $9.13, or 29.2% below the average consensus analyst price target of $12.90. The stock should find initial support at its 200-day moving average (MA) of $8.81 and further support at its 50-day MA of $8.37.

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