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MGM Resorts International Shares Up 18.0% Since SmarTrend's Buy Recommendation (MGM)
Jan 18, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for MGM Resorts International (NYSE:MGM) on December 7th, 2012 at $10.86. In approximately 1 month, MGM Resorts International has returned 17.96% as of today's recent price of $12.81.
In the past 52 weeks, shares of MGM Resorts International have traded between a low of $8.83 and a high of $14.94 and are now at $12.81, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 0.2%.
MGM MIRAGE is a hotel and gaming company that owns and operates various properties located in Nevada, Mississippi, and Michigan. The Company also has investments in other properties in Nevada, New Jersey, and the United Kingdom. In addition, MGM MIRAGE is seeking to develop a mixed-use urban development project in Las Vegas, and has an interest in a casino project in Macau S.A.R.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MGM Resorts International shares.Log in and add MGM Resorts International (MGM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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