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  • Elray Gaming (ELRA) - Looking for a Technical Breakout!

    Written by: Dana Salvo

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    ELRAThe Stock Wizards has ELRA on high alert! The stock closed at .01 cents today and appears to be strengthening We are watching for a Technical Breakout above the 200-day moving average. The key resistance level is .0124.

    Online Gaming is Red Hot!

    The U.S. Department of Justice recently revealed that it has changed its long-held position and found that the federal Wire Act of 1961 applies only to sports betting.

    The new position on the Wire Act marks a huge shift for the Justice Department, which has long relied on the law when asserting that all forms of Internet gambling, especially online poker, is illegal.

    ELRA

    Research ELRA
    www.ElrayGaming.com

    Elray Gaming is an established Global Online Gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases.

    ELRA gaming operations are based in Sydney, Australia. The company is managed by its online gaming founder, Brian Goodman, and gaming operations are carried out by a multi-lingual team of gaming professionals.

    ELRA has offices in the USA, London, South Africa and Mauritius and has support facilities in Israel, Curacao and the Philippines.

    Online Gaming is on fire right now! Based on our research and the company’s recent increase in revenue projections, The Stock Wizards believes ELRA could be a dominating force in the Online Casino space and we encourage our subscribers to keep ELRA on their watch list!

    Sincerely,
    The TheStockWizards.net Team

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    February 8, 2012 @ 2:55 am Trackback URL Posted in Industry News, Watch List and tagged with , , , , , , , , .