May 10, 2013 (Market movers via COMTEX) -- Multimedia Games (NASDAQ:MGAM) is one of today's notable stocks on the rise, up 1.4% to $25.41. The S&P is trading fractionally lower to 1,626 and the Dow is trading fractionally lower to 15,066.
Multimedia Games (NASDAQ:MGAM) is currently priced 16.0% above its average consensus analyst price target of $21.33. Multimedia Games shares have support at the 50-day moving average (MA) of $20.69 and additional support at the 200-day MA of $16.76.
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.
Over the past year, Multimedia Games has traded in a range of $10.30 to $25.41 and is now at $25.41, 147% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.6%.
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