MGM Resorts (MGM) Facing Major Chinese Exposure
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 Published On Jun 20, 2023

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MGM Resorts (NYSE: MGM) certainly has major Chinese exposure with several resorts in the country. MGM fell Friday, taking out its minor bullish trend in addition to support from the prior three trading sessions.

The stock touched the 10-day moving average before rallying slightly. The stochastic indicator remains elevated, too, suggesting that MGM had plenty of room to run lower after setting a lower high.

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Do not act on any opinions expressed in this video. This is NOT financial advice. These are strictly personal opinions presented by Remington Publishing representatives. Past performance is not indicative of future results. Always do your own research and consult a financial advisor before investing.

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