Keith added WMS to our Real-Time Positions at $15.81. WMS's TRADE range is $15.71-16.94 with a TREND resistance of $17.46.
WMS surprised on the upside in terms of content at G2E this year. WMS will appeal to investors looking for a turnaround on a beaten down stock and there was certainly a buzz in the investment community out at the show. The excitement probably means WMS works for a long trade. However, we would caution that the appearance of good content doesn’t always translate into high revenue generating games. Even if the content performs, it will be at least a couple of quarters before the revenue impact is meaningful. WMS’s near-term earnings visibility is cloudy. Nevertheless, the stock could run over the next week or two.
