EGT Elixir Gaming Technologies AMEX Stock

[aqjxrdrq41]

Here is a company that came up on one of my scans .
Being brand new to this forum I decided to be a writer instead of a 'reader'
It has made a move over the past few days and gapped with a doji last trading day.
The company is based in Las Vegas and involved with casinos throughout Asia.
One thing the asians love to do is gamble. Escpecially if times get tough.
Their financials are showing a revenue increase over the past 3 years.

Chart is interesting though
http://stockcharts.com/c-sc/sc?s=EGT...1688748&r=2172



Company Contact
Headquarters: 1120 Town Center Dr, Ste 260
Las Vegas, NV 89144
Web Address:
Elixir Gaming Technologies, Inc.
Elixir Gaming Technologies, Inc. (Elixir Gaming), formerly VendingData Corporation, is a member of Elixir Group and a wholly owned subsidiary of the Melco Group. The Company's products include table devices, such as the automated card verification machine, computer-based card shuffling system, and high-frequency radio frequency identification (RFID)-gaming chips and plaques. Elixir Gaming products are distributed by Elixir Group in Asia and Suzo Happ in the Americas and Europe. The Company has its participation contracts in the Philippines, Cambodia, Vietnam and other Asian markets.

with a ema 200 at 3.20 and present at 1.64 there appears to be a bit of room to move.

Like I said I am new but it may be interesting to watch-{

Your opinons and thoughts are more than welcome

[aqecaen]

Made a higher low I think it may make a higher high.


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[aqeginili]

EGT Chart- Needs to make that move..


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[aqiqieoirz]

EGT now has a triangle pattern, that if it breaks to the upside we could see a big move.

Shares Outstanding5: 115.92M
Float: 60.85M
% Held by Insiders6: 47.07%
% Held by Institutions6: 6.20%
Shares Short (as of Oct 29, 2010)3: 65.08K
Short Ratio (as of Oct 29, 2010)3: 0.10
Revenue (ttm): 20.60M
Total Debt/Equity (mrq): 29.68

EGT Chart

__________________
"People are not remembered by how few times they fail, but how often they succeed."
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[aqebauyec]

EGT ended above the trendline today after a pullback. EGT should now be put on a watchlist. Lot of volume today but if it has some momo its going to get a lot more volume than it did today. Technically a buy point and must hold the top trendline.

Shares Outstanding5: 115.92M
Float: 60.85M
% Held by Insiders6: 47.07%
% Held by Institutions6: 6.20%
Shares Short (as of Oct 29, 2010)3: 65.08K
Short Ratio (as of Oct 29, 2010)3: 0.10
Revenue (ttm): 20.60M
Total Debt/Equity (mrq): 29.68

EGT Chart


__________________
"People are not remembered by how few times they fail, but how often they succeed."
- Thomas Edison


Articles by Gwitt
http://www.triond.com/users/GWitt