Scientific Games Corp (SGMS) Shares are Up 0.81%

Scientific Games Corp (SGMS) : Traders are bullish on Scientific Games Corp (SGMS) as it has outperformed the S&P 500 by a wide margin of 27.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.81% in the last 1 week, and is up 27.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 8.05% and the 50-Day Moving Average is 14.86%.The 200 Day SMA reached 26.71%


Scientific Games Corp (NASDAQ:SGMS): After opening at $11.21, the stock dipped to an intraday low of $11.07 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.39 and the buying power remained strong till the end. The stock closed at $11.27 for the day, a gain of 1.17% for the day session. The total traded volume was 751,406. The stocks close on the previous trading day was $11.27.

Scientific Games Corp (SGMS) stock is expected to deviate a maximum of $4.04 from the average target price of $9.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $6.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming, Lottery and Interactive. Gaming segment designs, develops, manufactures, markets and distributes gaming machines, VLTs, server-based gaming machines, casino-management systems hardware and software, table game products, video lottery central monitoring and control systems. Lottery segment manufactures and sells instant games, as well as the provision of services, such as game design, sales and marketing support, specialty games and promotions, warehousing, as well as instant game category management. Interactive segment offers play-for-fun social games on Facebook, GooglePlay for Android devices, Apples iOS platform, Kindle platform and Microsoft Windows 8. Its brands include MONOPOLY, GREASE, Jackpot Party Progressive, AMC-THE WALKING DEAD, HARLEY-DAVIDSON and LOTERIA, among others.

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