octradr

MGM is it worth the gamble?

BATS:MGM   MGM RESORTS INTERNATIONAL
121 6 0
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.
Good gain. Closed. 10/30/13
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Place stop at 20 and forgetaboutit. 10/24/13
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Still going strong! 9/13/13
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Still holding support. Still a buy!
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It looks like the bulls are gonna win this battle. Buy order with a stop around 16.75.
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First attempt at at breaking resistance failed. So far so good.
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