May 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Multimedia Games (NASDAQ:MGAM) on January 30th, 2013 at $16.37. In approximately 3 months, Multimedia Games has returned 48.75% as of today's recent price of $24.35.
Multimedia Games share prices have moved between a 52-week high of $24.99 and a 52-week low of $10.30 and are now trading 137% above that low price at $24.39 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.
Multimedia Games, Inc. designs and develops interactive bingo games as well as related electronic player stations (EPS) and equipment. The Company's products are marketed to Native American bingo halls located throughout the United States. Multimedia's products include MegaBingo, MegaCash, MegaBingo Lite, MegaMania, FlashCash, Big Hit Bingo, Bingo Express, and MegaRacing.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Multimedia Games shares.Log in and add Multimedia Games (MGAM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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