MGM (MGM Resorts International) is under consideration for a short trade candidate, along with several other casino stocks, following the break below this large bearish rising wedge pattern & may be added as an official trade idea soon. I’d like to study the charts of the casino & resort stocks as well as the broad market a little further before making the decision on whether or not to add MGM as an official trade or not but wanted to share this setup asap for those interested.
MGM daily Jan 17th