MGM Resorts International is a holding company. Co., through subsidiaries, is a global gaming and entertainment company with domestic and international locations. Co.'s segments include Las Vegas Strip Resorts, Regional Operations, and MGM China. The Las Vegas Strip Resorts segment consists of casino resorts: Aria (including Vdara), Bellagio, The Cosmopolitan of Las Vegas; MGM Grand Las Vegas, Mandalay Bay (including Delano and Four Seasons), Luxor, New York-New York (including The Park), Excalibur, and Park MGM (including NoMad Las Vegas).
When researching a stock like MGM Resorts International, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from MGM Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for MGM stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the MGM 200 day moving average ("MGM 200 DMA"), while one of the most popular "shorter look-backs" is the MGM 50 day moving average ("MGM 50 DMA"). A chart showing both of these popular moving averages is shown on this page for MGM Resorts International. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the MGM 200 DMA and the MGM 50 DMA, we get a moving average convergence divergence indicator ("MGM MACD"). The MGM MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
Free MGM Email Alerts:
Video: Technical Analysis