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Watch for Mgm Resorts Inte to Potentially Rebound After Falling 1.45% Yesterday

By Shiri Gupta

Mgm Resorts Inte (NYSE:MGM) traded in a range yesterday that spanned from a low of $31.12 to a high of $31.54. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $31.89 on volume of 1.5 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 $32.24 and a 52-week low of $21.62 and are now trading 44% above that low price at $31.24 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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: rebounders mgm resorts inte

Ticker(s): MGM