MGM has been trading in this range since May of 2010. It is nearing the upper end with lower than average volume. Earnings are on Aug 6th so something big is gonna happen. Short-term trend is bullish but slowing. I will update as it becomes more clear which direction it will go. Also note that a close over 17 is definitely bullish. Happy trading.
Like swing in $MGM over this down TL near 13.50. 25.4 increase in gambling revenue in March may give it the kick it needs. Should be an interesting day. Cheap here IMHO right above 50MA with obvious exit on losing 50. Also showing a bull flag on daily.
