Scientific Games Corp. (SGMS)

[Bob22701]

SGMS - Volume Spike Detected in Shares of Scientific Games as They Move Lower on 1.6x Above-Average Volume (SGMS)
2 hours 16 minutes ago - Financial News Network Online - Unusual Volume via Comtex
Scientific Games shares are trading on heavy volume today, having fallen 2.9% to $9.19. Approximately 663,000 shares have changed hands today vs. average 30-day volume of 421,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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, shares of Scientific Games have traded between a low of $6.50 and a high of $11.27 and are now at $9.19, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Scientific Games (NASDAQ:SGMS) has potential upside of 40.4% based on a current price of $9.19 and analysts' consensus price target of $12.90. Scientific Games shares have support at the 200-day moving average (MA) of $8.81 and additional support at the 50-day MA of $8.39.

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