International Game tumbles to fresh 52-week low, bear pattern The shares are down over 9.3% to $13.45 at time of writing following yesterday's cut in outlook for its FY14 and Q2. It is possible that there is more downside to come for the shares given a bearish flag pattern that is best scene on a multi-year chart. The flag broke today when shares gapped lower. Based on the preceding down move before the flag, downside potential is to the $12 area over time. It would take a sustained move back above the flag low at $14 for the pattern to be called into question. Resistance is at $14.
News For IGT From The Last 14 Days
Check below for free stories on IGT the last two weeks.
International Game granted early termination of HSR waiting period for merger International Game announced that it received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976., or HSR, with respect to the company's previously announced acquisition by GTECH S.p.A. Termination of the HSR Act waiting period satisfies one of the conditions required to finalize the acquisition. The transaction is currently expected to be completed in 1Q15.