IGT just thought I'd throw it out there

Discussion in 'Stocks' started by Algorithm, May 23, 2007.

  1. There's been some good action in IGT lately, looks to be trying to breakout, inverse head-and-shoulders pattern in the making possible.
    It's also a good candidate for a PE buy, recurring revs are picking up and its in the gaming sector. Nice cash cow business.

    Bottom seems to have formed with some volume confirmation. Might be looking to take a bit of a breather before breaking out above the neckline.

    GS has put it on their buy list and there's been some good money flowing in.

    Down to sideways before up, but when it decides to go, well, that bull ride is going to be enjoyable.

    Just felt like throwing a bone to all the pups in the pound.

    Good Luck!
  2. This thing looks like it has a better chance of moving back than anything else for the near term.

    It is on my watch for Monday am as a short unless the goofy market starts chargin forward.