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Mgm Resorts Inte Crosses Above its 10-day MA (MGM)

By Amy Schwartz

Today, shares of Mgm Resorts Inte (NYSE:MGM) have advanced above their 10-day MA of $26.50 on a volume of 301K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Mgm Resorts Inte share prices have been bracketed by a low of $21.62 and a high of $36.81 and are now at $26.62, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mgm Resorts Inte on February 14th, 2019 by issuing a Downtrend alert when the shares were trading at $27.54. Since that call, shares of Mgm Resorts Inte have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mgm resorts inte

Ticker(s): MGM