Uptrend Call Working As MGM Resorts International Stock Rises 20.2% (MGM)
SmarTrend identified an Uptrend for MGM Resorts International (NYSE:MGM) on December 7th, 2012 at $10.86. In approximately 3 months, MGM Resorts International has returned 20.17% as of today's recent price of $13.05.
MGM Resorts International share prices have moved between a 52-week high of $14.80 and a 52-week low of $8.83 and are now trading 48% above that low price at $13.05 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
MGM MIRAGE is a hotel and gaming company that owns and operates various properties located in Nevada, Mississippi, and Michigan. The Company also has investments in other properties in Nevada, New Jersey, and the United Kingdom. In addition, MGM MIRAGE is seeking to develop a mixed-use urban development project in Las Vegas, and has an interest in a casino project in Macau S.A.R.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MGM Resorts International shares.
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