Entertainment Gaming Asia

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Entertainment Gaming Asia ( EGT) engages in the ownership and leasing of electronic gaming machines in resorts, hotels, and other venues primarily in Cambodia and the Philippines. This stock is trading up 8.5% to $0.67 in recent trading.

Today's Range: $0.59-$0.67

52-Week Range: $0.22-$0.65

Volume: 967,000

Three-Month Average Volume: 396,802

>>12 Highest-Rated Consumer Stocks Picked by S&P

From a technical perspective, EGT is starting to flirt with a major breakout trade today now that this stock is moving above some near-term overhead resistance at 65 cents with heavy volume.

Traders should continue to look for long biased trades in EGT as long as it's trending above 65 cents with strong upside volume flows. If we get a strong close in EGT near its daily highs today, and it continues to trend over 65 cents, then this stock has a great chance of hitting $1.00 in the very near future.

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