MGM Resorts International (MGM, $34.3) price may drop as it broke higher Bollinger Band on Jun 16, 2025

#CasinosGaming, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #LargeCap, #SP500
MGM - MGM Resorts International
Bollinger signal
Bearish Trend
76%
Odds of DOWN Trend
Price: $34.3
Daily change: +$2.57 (+8.1%)
Daily volume: 9.1M
Capitalization: $9.3B
Industry: Casinos/Gaming

This price move could be a signal that MGM may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 42 similar cases where MGM's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 76%.