Pls need analyst on MGM

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Pls need analyst on MGM

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ghostboy124

Posted: Tuesday, August 04, 2009 12:53:35 PM

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Joined: 8/3/2009
Posts: 14
Location: New Jersey

Can anyone pls analyst on MGM base on chart, want to try figure out is it still a buy now. I have a few opinion on the chart as below, pls give some advise, really appreciate, thks.

1) CCI just cross 100
2) Stock price just touch 200MA
3) RSI heading to 70
4) MACD is bullish

Is it too late or still a buy?

Sponsor

Posted: Tuesday, August 04, 2009 12:53:35 PM

epoch

Posted: Tuesday, August 04, 2009 5:40:37 PM

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Joined: 7/27/2009
Posts: 16
Location: Chicago

Well, they missed on eaarnings, but beat Rev. You might be able to catch a volitility squeeze the apears to be in play. ROC also looks to be increasing on large Vol.

xquestor

Posted: Tuesday, August 04, 2009 11:31:31 PM

Rank: Advanced Member
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Joined: 7/21/2009
Posts: 134

ghostboy124 wrote:

MGM

Has a lot of debt compared to cash in the bank.
Has only 15% inst. ownership. Not a lot of interest by the professionals.
Has high inside ownership which could be a detriment.
Had a Billion + dollar loss in 08.

http://stockcharts.com/h-sc/ui?s=MGM&p=D&yr=0&mn=6&dy=0&id=p00699064200

I am not impressed.

XQ

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