Trading Scientific Games SGMS With Integrated Risk Controls

April 11, 2022, 18:45 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Scientific Games (NASDAQ: SGMS) report below can help you, but we have more details too. The trading plans for SGMS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for SGMS

• Buy SGMS slightly over 52.70 target 65.22 stop loss @ 52.55 Details

The technical summary data tells us to buy SGMS near 52.70 with an upside target of 65.22. This data also tells us to set a stop loss @ 52.55 to protect against excessive loss in case the stock begins to move against the trade. 52.70 is the first level of support below 57.94 , and by rule, any test of support is a buy signal. In this case, support 52.70 would be being tested, so a buy signal would exist.

• Short SGMS under 65.22, target 52.70, stop loss @ 65.41 Details

The technical summary data is suggesting a short of SGMS as it gets near 65.22 with a downside target of 52.70. We should have a stop loss in place at 65.41though. 65.22 is the first level of resistance above 57.94, and by rule, any test of resistance is a short signal. In this case, if resistance 65.22 is being tested, so a short signal would exist.

Swing Trading Plans for SGMS

• Buy SGMS slightly over 60.62, target 65.22, Stop Loss @ 60.44 Details

If 60.62 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 60.62, with an upside target of 65.22. The data also tells us to set a stop loss @ 60.44 in case the stock turns against the trade. 60.62 is the first level of resistance above 57.94, and by rule, any break above resistance is a buy signal. In this case, 60.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SGMS near 60.62, target 56.54, Stop Loss @ 60.8. Details

The technical summary data is suggesting a short of SGMS if it tests 60.62 with a downside target of 56.54. We should have a stop loss in place at 60.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SGMS

• Buy SGMS slightly over 60.62, target 65.22, Stop Loss @ 60.48 Details

If 60.62 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 60.62, with an upside target of 65.22. The data also tells us to set a stop loss @ 60.48 in case the stock turns against the trade. 60.62 is the first level of resistance above 57.94, and by rule, any break above resistance is a buy signal. In this case, 60.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SGMS near 60.62, target 57.69, Stop Loss @ 60.76. Details

The technical summary data is suggesting a short of SGMS if it tests 60.62 with a downside target of 57.69. We should have a stop loss in place at 60.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

SGMS Ratings for April 11:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	52.70
P2	54.68	56.54	65.22
P3	57.69	60.62	78.31

Support and Resistance Plot Chart for SGMS

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