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Mgm Resorts Inte Bearish Moving Average Crossover Alert (MGM)

By Amy Schwartz

Today, shares of Mgm Resorts Inte (NYSE:MGM) have crossed bearishly below their 10-day moving average of $35.41 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Mgm Resorts Inte share prices have been bracketed by a low of $21.31 and a high of $38.41 and are now at $34.83, 63% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.26% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Mgm Resorts Inte and will alert subscribers who have MGM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mgm resorts inte

Ticker(s): MGM