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

By David Diaz

Today, shares of Mgm Resorts Inte (NYSE:MGM) have fallen below their 10-day MA of $31.37 on a volume of 1.3 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, shares of Mgm Resorts Inte have traded between a low of $29.53 and a high of $38.41 and are now at $31.16, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mgm Resorts Inte on April 26th, 2018 by issuing a Downtrend alert when the shares were trading at $32.70. Since that call, shares of Mgm Resorts Inte have fallen 3.2%. 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