$MGM MGM Resorts International Stock Robo Analyst March 21 2020 #MGM

MGM Resorts International (MGM) “On a long-term technical basis, the stock (MGM) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 5.88 and 3.69. If the stock breaks down through support at 5.88 then it will probably continue lower to 3.69. The stock has resistance at 16.01 and at 19.57. If the stock breaks up through resistance at 16.01 then it will probably continue higher to 19.57. The 200-day moving average is at 28.85. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (6.63), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.”