IGT To Test $43 Highs?
I am posting on Intl Game Technology (IGT) to bring the stock to your watch lists as the stock is setup for a potential move back to test $43 highs set late in September (see chart below).
I posted on IGT back in early October here on the blog, and have kept it on my close watch list since. Friday was an accumulation day and showed a price spread to a $42.93 high on the day. Today the stock is up on lighter volume, but is maintaining its stability and is setting up the back side of what could be called a small base. So, add this stock to your watch lists, and look to buy in when the stock breaks $43 ($43.10 buy price) on higher than average volume. The stock is #2 in the Leisure-gaming/equip IBD Industry Group behind Las Vegas Sands (LVS), which reports earnings this week.
