INTERNAT GAME TECHNOLOGY
(IGT-NYSE):
Technical Viewpoint: From a low
of $54.50 on Sep 2, 2002 prices
rallied, reaching a
high of $66.60
on Aug 22, 2002. A
decline saw prices pull back, reaching a
low of
$62.55 on Sep 3, 2002.
Another rally saw prices penetrate
resistance, closing 9/10/02
at $68.32. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $63.50. Resistance: Is at $70.15.
Point & Figure: Reversed to the upside on Sep 10, 2002. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! INTERNAT GAME TECHNOLOGY
(IGT-NYSE) @ $68.63 Stop: Use a protective stop of $66.13.
INTERNAT GAME TECHNOLOGY is currently trading @ $68.32 plus $3.23 on Sep 10, 2002. Price Objective:
$81.00. Risk/Reward: $2.50 VS. $12.38. Today's Risk Reward Ratio: 5;1
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