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