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Stock Investors Sell Off Shares of Shuffle Master, Down 3.1%

Published on Tue, 03/05/2013 - 11:17
By Mallory Stone

Shuffle Master (NASDAQ:SHFL) is a company whose shares are active, trading 3.1% lower to $15.50. The Dow Jones Industrial Average is now trading 1.1% higher to 14,283 and the S&P is trading 1.1% higher to 1,542.

Over the past year, Shuffle Master has traded in a range of $11.75 to $18.77 and is now at $15.50, 32% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.97% higher over the past week, respectively.

There is potential upside of 14.2% for shares of Shuffle Master based on a current price of $15.50 and an average consensus analyst price target of $17.71. The stock should discover initial support at its 50-day moving average (MA) of $15.06 and subsequent support at its 200-day MA of $14.63.

Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.

By Mallory Stone
mstone@fnno.com