$MGM Chart is setting up bullish in MGM, may pullback a little.

When scanning for a investment, many factors come into play, two of which are unusual options action and insider buying, both are very significant tells as to the direction in which the stock is going, that is why MGM looks very interesting at this level. Directors have been loading up in shares in a massive way and options traders have been making big bets a impending positive move higher. The sector as a whole has become very bullish as speculation is rampant regarding mergers and takeovers. Watch this space and expect a little pullback here for the bullish channel to form and break to the upside.

AVERAGE ANALYSTS PRICE TARGET $33
AVERAGE ANALYSTS RECOMMENDATION

COMPANY PROFILE
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.