• 48 Hour ... 48% Off Hedgeye Gear Sale!

    That’s right. Get anything you want in our online store for 48% off. Offer lasts 48 hours. 100% of profits go to Hedgeye Cares - our employee driven charity.

Suffice to say, the day trading community has had some fun whipping around in MGM the last few days. Up +20% on Friday, then down -9% today. Its a good thing my partner, Todd Jordan, has the edge here. Today's breakdown was a material one. This stock is a short to $26.20.
  • MGM closing below $30.99 is very bearish.
    KM
(chart courtesy of stockcharts.com)