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Shuffle Master(SHFL) is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor. This stock is trading up 2% to $12.12 in recent trading, after it hit a 52-week high of $12.21 earlier today.
Today's Range: $11.89-$12.21
52-Week Range: $7.35-$12.12
Three-Month Average Volume: 399,784
Shuffle Master has a market cap of $644 million and an enterprise value of $674 million. This stock trades at a trailing price-to-earnings of 23.55. The current short interest as a percentage of the float for Shuffle Master is 5.3%.
From a technical standpoint, SHFL recently
triggered a breakout trade once the stock cleared some major overhead resistance at around $10.80 to $11 a share. After hitting that breakout, the stock has now triggered another big breakout with shares moving above its 2010 high of $11.80.
Traders should look for a
high-volume close today to confirm that SHFL wants to trend significantly higher. The next major resistance levels won't come into play until $13.50 to $16 a share, so a high-volume close over $11.80 should set the stock up to re-test those levels.