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MGM Resorts International

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MGM trade ideas

Lotsa room left in this long term channel for gains...NYSE:MGM Weekly chart shown to get a better idea of the room left in the long(er) term uptrend channel following the steep drop. close up of the daily shown below. Can get in with minimal risk by playing Aug 16th options, I personally find the Aug 16th C31 at .44 appealing. Will be initiating position in the am. Reasons why are pretty self explanatory on the chart, seeing as resistance has been broken and underlying strength being shown in the RSI. I think this is a buy, so I'm rolling the dice and going all in this casino! (But not REALLY all in lol) Happy hunting!!
NYSE:MGMLong
by UnknownUnicorn1314136
$MGM Chart is setting up bullish in MGM, may pullback a little.When scanning for a investment, many factors come into play, two of which are unusual options action and insider buying, both are very significant tells as to the direction in which the stock is going, that is why MGM looks very interesting at this level. Directors have been loading up in shares in a massive way and options traders have been making big bets a impending positive move higher. The sector as a whole has become very bullish as speculation is rampant regarding mergers and takeovers. Watch this space and expect a little pullback here for the bullish channel to form and break to the upside. AVERAGE ANALYSTS PRICE TARGET $33 AVERAGE ANALYSTS RECOMMENDATION COMPANY PROFILE MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
NYSE:MGMLong
by RedHotStocks
MGM long play MGM resorts International services, Is in an upward trend 29 indicates a resistance level. However, we see that the indicators support the proposed direction, such as OBV, moving average 200, increasing volumes and the other indicators on the graph. we can examine the possibility of entry if it breaks out 29 level after an approval candle will show up, accompanied by significant volume. Note that MGM is expected to report earnings today after market close. Following it for a day trade and swing. This is not a recommendation to buy or sell. as always, feedback is more than welcome.
NYSE:MGMLong
by Yamit2000
MGM - Bullish-neutral Iron CondorStock has sold off since Jan, and held the downtrend throughout 2018. Bearish momentum is slowing down, as if recovery is in the works (compare LVS idea); betting this bad boy experiences a slowdown, with price staying in the range or having a quick reversal of the downtrend. 21/22/33/34 FEB19 IRON CONDOR @ 0.25 CREDIT General plan: Roll if necessary & if possible mainly to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.
NYSE:MGMLong
by themdtrader
MGM, a giant meeting expectations Hunting the dips in decent companies after hysteric sell-offs. That's what I'm doing in US stock markets. The other strategy that gave profits was buying into undervalued sectors with great perspective, which I don't do now, as the last sector I believed in was the IT-related (FB, AMZN, GOOG, BABA) and it was all fun and games until this year where it just doesn't show enough optimism to be considered attractive for significant annual returns. Therefore, the second strategy that rakes in profits is buying into illogical reactions of investors after the stock publishes positive news...sounds crazy, but this happens everyday. Today, we have MGM resorts. Results came out, all in-line with expectations to the cent, and I quote: "Q1 EPS of $0.29 in-line. Revenue of $2.82B (+3.7% Y/Y) in-line." Mind you, they have resorts in China now: "MGM China kicked in with a 25% jump in revenue to $596M as the MGM Cotai contributed. Adjusted property EBITDA was $152M vs. $145M a year ago." Great news right? -8% down in single day. So, I'll hunt for cheap stocks once the resistance holds, it has few of them in this region (red lines on the chart) so the one that slows the fall and keeps it there for 2 days should be good enough for me to enter and wait for the exit at 34 level. To be continued...
NYSE:MGM
by Repuzel
1
Now with Consumer Services IndustryThis is not the first idea that I share in the Consumer Services Industry, what happens is that I do not listed them, as I did with the financial Industry (#1, #2, #3, etc) I post series of ideas that correspond to a particular industry for example: I have shared a lot of technology companies (too many technology companies) I have shared several Basic Materials companies (Mining Companies) based in a bullish Gold-Futures A lot of Energy Companies with the argument of Bullish Oil-Futures even I find and shared a few Transportation Companies maybe 2 or 3 I have also shared some Health Care Companies, not many but I posted some and I also post Capital Goods and Consumer Durable Companies. where I'm going with this and why I'm not talking about technical analysis? Because the stock market does not revolve around technical analysis How the Stock Market Works is the more relevant, Correlation between industries, Interest Rates and the Stock Market, Gross domestic product and the Stock Market, Exogenous Events and the Stock Market and many more themes Do a google_search I can not post links, is against House Rules
NYSE:MGMLong
by Alex_Quiroga