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Play of the Day (For Friday)
Interactive Chart
Thursday, February 22, 2001

IGT - International Game Technology $53.85 +0.90 (+2.35)

Thursday's Comment:

If you watch too much CNBC, you probably think that every stock is in permanent decline. That's just not so. For example, IGT is one stock that is bucking the market's malaise. This leading manufacturer of computerized casino games (traditional slot and video poker machines) and operator of proprietary gaming systems is poised to show strong earnings growth this year. IGT's fiscal year ends in September and analysts expect the company to show profits of $2.40 per share, which would be an increase of $0.63 over last year's EPS. Growth stock investors still have plenty of cash to put to work. Clearly, IGT's stock chart reflects that some of this money is being invested in IGT. The stock has been in an up trend since September. Lately, though, there have been a couple of dips due to market volatility that have tested the 50-DMA, which currently resides at $48.13. Nevertheless, we remain bullish. In fact, a move above $54.00 on first hour trading volume over 200,000 tomorrow might prove to be an excellent entry point. And for longer-term traders, the MACD, OBV and Money Flow all point towards the likelihood for continued stock price appreciation, so don't be surprised if IGT continues its impression ascent.

Picked on February 20th @ $53.52
Change since picked +0.33
Stop Loss @ $49.50

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