May 03, 2013 (52 Week high-lows via COMTEX) -- Multimedia Games (NASDAQ:MGAM) traded at a new 52-week high today of $25.38. This new high was reached on below average trading volume as 133,000 shares traded hands, while the average 30-day volume is approximately 279,000 shares.

Multimedia Games (NASDAQ:MGAM) is currently priced 14.0% above its average consensus analyst price target of $21.33. The stock should discover initial support at its 50-day moving average (MA) of $20.02 and subsequent support at its 200-day MA of $16.53.

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.

In the past 52 weeks, Multimedia Games share prices have been bracketed by a low of $10.30 and a high of $25.38 and are now at $24.81, 141% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 1.0%.

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