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

By Shiri Gupta

Mgm Resorts Inte (NYSE:MGM) shares have crossed bullishly above their 10-day moving average of $34.60 on a volume of 620K 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.

Mgm Resorts Inte share prices have moved between a 52-week high of $38.41 and a 52-week low of $21.31 and are now trading 64% above that low price at $34.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.3%.

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