Large Inflow of Money Detected in International Game Technology

International Game Technology (IGT) : International Game Technology (IGT) had a healthy money flow of $2.03 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $2.47 million, whereas, investors only sold shares worth $0.44 million on downticks. The stock closed the day with an up-down ratio of 5.59.The money flow in the block trades to the tune of $2.03 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.03 million worth of transactions were on upticks. International Game Technology (IGT) stock slid $0.07 intraday and traded at 19.91, a change of -0.35% over previous days close. However, for the week, the company shares are 3.43% compared to previous weeks close.


International Game Technology (NYSE:IGT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.00 and $19.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.24, notching a gain of 1.30% for the day. The total traded volume was 1,591,992 . The stock had closed at $19.98 on the previous day.

The stock has recorded a 20-day Moving Average of 6.82% and the 50-Day Moving Average is 9.69%.

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