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Mgm Resorts Inte Set to Possibly Pullback After Yesterday's Rally of 3.25%

By Shiri Gupta

Mgm Resorts Inte (NYSE:MGM) traded in a range yesterday that spanned from a low of $35.04 to a high of $35.96. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $35.67 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Mgm Resorts Inte have traded between a low of $21.31 and a high of $38.41 and are now at $35.93, which is 69% 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.

Keywords: rebounders mgm resorts inte

Ticker(s): MGM