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Chartimistic

SGMS - Cup & Handle Breakout Continuation

Long
Chartimistic  
NASDAQ:SGMS   None
Trend Analysis Chart Patterns Cup And Handle SGMS breakout pricetargets 50ma
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trendanalysis chartpattern cupandhandle sgms breakout pricetargets 50ma
Scientific Games created a bit of a cup since early March. The breakout from the cup pattern in early November has since created a bit of a handle in the form of a bullish wedge with prices breaking out of this pattern on December 6th. The stock price has bounced off the 50-day EMA as well.

$36.00 is my initial price target.
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