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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 new level of support is at 6.60.
The stock has support at 10.00 and 6.60. If the stock breaks down through support at 10.00 then it will probably continue lower to 6.60. The stock has resistance at 12.79 and at 14.05. If the stock breaks up through resistance at 12.79 then it will probably continue higher to 14.05. The 200-day moving average is at 26.12. This will also act as resistance. The stock is slightly oversold according to the Stochastic Indicator (33.59).”
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