Games, Anyone?

Written by GSCR Staff   
Monday, 25 February 2013 11:49

We profiled Zynga (NASDAQ - $3.56) a few weeks ago and the stock has performed extremely well, up $1.00 in a short span of time. The stock is up today on huge volume on the belief that the Company could benefit from new Nevada online gaming opportunities, as well as profiles by major stock watchers.

Another stock up today that is in the gaming space looks is PokerTek, Inc. (NASDAQ – PTEK - $1.26.  PTEK) has been riding a royal flush run from $0.72 from the just before Christmas to new highs this year, setting a 52-week high of $1.65 in January.  The stock charts show no indication of a slowdown in this bullish run and look great in the EMA analysis in particular.  PokerTek is expanding into new markets in Canada and Latin America, and recently released a new Baccarat game.  Since ZNGA has already made a big move, perhaps PTEK is next to shine. The Company is set to announce earnings on March 7.  Look for a nice earnings surprise then and another jump.  The stock could climb to $2.50.

Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.

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