IGT Stumbles After Strong Earnings Report
Posted on Tue 7th Nov, 2006 11:47:36 AM
Should have seen this coming, and I apologize to those shareholders (which includes myself!) After Las Vegas Sands (LVS) tumbled last week, this should have been foreseen. Regardless, International Game Technology (IGT) is heading towards $41 support and its 50 Day Moving Average, currently trading real time at a last tick of 41.31 on total volume of 3,260,700. The stock is down 4.40% currently with an intra-day low of $41.25. I am personally holding my shares for now, maybe release some with a quick bounceback towards $42. I spoke on the Leisure-Gaming/Equip Industry Group as a whole yesterday, and the base continues to establish itself.
Happy Hunting!
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