Price Action Alert: Does Golden Entertainment Inc Have Any Gas After Reaching 52 Week Low?

Price Action Alert: Does Golden Entertainment Inc Have Any Gas After Reaching 52 Week Low?

The stock of Golden Entertainment Inc (NASDAQ:GDEN) hit a new 52-week low and has $8.62 target or 14.00% below today’s $10.02 share price. The 9 months bearish chart indicates high risk for the $221.02 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $8.62 price target is reached, the company will be worth $30.94M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 66,305 shares traded hands or 162.06% up from the average. Golden Entertainment Inc (NASDAQ:GDEN) has risen 2.74% since April 4, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.

According to Zacks Investment Research, “Golden Entertainment, Inc. is a diverse gaming company which offers casino, distribute gaming and lottery services. The company’s gaming divisions consists of Golden Casino Group, PT’s Entertainment Group and Golden Route Operations. Golden Entertainment, Inc., formerly known as Lakes Entertainment, Inc., is based in Las Vegas, United States.”

More important recent Golden Entertainment Inc (NASDAQ:GDEN) news were published by: Businesswire.com which released: “Golden Entertainment Announces Third Quarter 2016 Results” on November 03, 2016, also Businesswire.com published article titled: “Golden Entertainment Sells Promissory Note Related to Jamul Indian Village”, Businesswire.com published: “Golden Entertainment Expands Tavern Portfolio, Announces New Brewery Concept” on September 17, 2015. More interesting news about Golden Entertainment Inc (NASDAQ:GDEN) was released by: Seekingalpha.com and their article: “Golden Entertainment: Just Can’t Get No Respect” with publication date: February 26, 2016.

GDEN Company Profile

Golden Entertainment, Inc., formerly Lakes Entertainment, Inc., incorporated on June 18, 1998, is a gaming company. The Firm focuses on distributed gaming, including tavern gaming, and casino and resort operations. The Company’s divisions include Distributed Gaming, Casinos, and Corporate and Other.

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