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 13.72 and 12.79. If the stock breaks down through support at 13.72 then it will probably continue lower to 12.79. The stock has resistance at 15.30 and at 16.44. If the stock breaks up through resistance at 15.30 then it will probably continue higher to 16.44. The 200-day moving average is at 25.95. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 13.72 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (30.16).”