Stock to Watch - MGM Resorts International (MGM) - Trade INITIATED
Trade
One of my limit orders just kicked off. I am in MGM at $30.75. I made a mistake here and should have taken the position two days ago to make the Ex-Dividend date.
The descending triangle pattern is nearing completion. I am looking for a move to the $33.00 level, but will take profits if it makes it to $32 and I lose faith in the charts.
I think MGM is poised to make a run especially after:
- Strong earnings on 4/26/18 with a 54.24% beat
- The Supreme Court ruling on sports betting
Stats
| Stat | Value |
|---|---|
| Market Cap | 17.233B |
| Beta | 1.57 |
| PE Ratio (TTM) | 9.23 |
| EPS (TTM) | 3.36 |
| Earnings Date | Jul 25, 2018 - Jul 30, 2018 |
| Forward Dividend & Yield | 0.48 (1.36%) |
| Ex-Dividend Date | 2018-06-07 |
| 1y Target Est | 38.71 |
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