Bullish Trendline Could Power Up Casino Stock

MGM Resorts International (NYSE:MGM) stock is up 1.4% to trade at $43.40 at last check, after Citigroup raised its price target to $68 from $66.50. The shares sport a 3% deficit for 2024 so far, and recently staged a pullback from its peak above $47. Today's bull note could be just the beginning of a rally, however, given the security is trading near a historically bullish trendline. MGM Resorts stock is within one standard deviation of its 160-day moving average. Per Schaeffer's Senior Quantitative Analyst ...