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Bullish Trendline Could Power Up Casino Stock
MGMMGM Resorts International(MGM) Schaeffers Research·2024-02-15 19:57

MGM Resorts International (NYSE:MGM) stock is up 1.4% to trade at 43.40atlastcheck,afterCitigroupraiseditspricetargetto43.40 at last check, after Citigroup raised its price target to 68 from 66.50.Thesharessporta366.50. The shares sport a 3% deficit for 2024 so far, and recently staged a pullback from its peak above 47. Today's bull note could be just the beginning of a rally, however, given the security is trading near a historically bullish trendline. MGM Resorts stock is within one standard deviation of its 160-day moving average. Per Schaeffer's Senior Quantitative Analyst ...