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Monarch Casino Down 65.6% Since SmarTrend Downtrend Call (MCRI)

By Amy Schwartz

SmarTrend identified a Downtrend for Monarch Casino (NASDAQ:MCRI) on February 26th, 2020 at $50.34. In approximately 3 weeks, Monarch Casino has returned 65.55% as of today's recent price of $17.34.

In the past 52 weeks, shares of Monarch Casino have traded between the current low of $15.60 and a high of $57.57 and are now at $17.34. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 3.3%.

Monarch Casino & Resort, Inc., through its wholly owned subsidiary, owns and operates the tropically-themed casino resort in Reno, Nevada. The Resort features a casino, a hotel and motor lounge, restaurants, bars, a nightclub, a swimming pool and health club, a gift shop, a family entertainment center, banquet and meeting space, and surface parking spaces.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Monarch Casino.

Log in and add Monarch Casino (MCRI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights monarch casino

Ticker(s): MCRI