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Look for Shares of Mgm Resorts Inte to Potentially Rebound after Yesterday's 2.83% Sell Off

By James Quinn

Mgm Resorts Inte (NYSE:MGM) traded in a range yesterday that spanned from a low of $26.58 to a high of $27.32. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $27.19 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Mgm Resorts Inte share prices have moved between a 52-week high of $38.41 and a 52-week low of $23.81 and are now trading 14% above that low price at $27.19 per share. The 200-day and 50-day moving averages have moved 0.46% lower and 0.29% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Mgm Resorts Inte. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mgm Resorts Inte in search of a potential trend change.

Keywords: rebounders mgm resorts inte

Ticker(s): MGM