International Game Technology Downward Momentum Looks to Continue (IGT)
SmarTrend identified a Downtrend for International Game Technology (NYSE: IGT) on February 05, 2010 at $17.41. In approximately 1 month, International Game Technology has returned 2.9% as of today's recent price of $16.90.
International Game Technology is currently below its 50-day moving average of $18.40 and below its 200-day moving average of $18.95. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of International Game Technology.
Write to Chip Brian at cbrian@tradethetrend.com
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