MGM Resorts May Have Bottomed

By

Gary Morrow

 | Aug 8, 2012 | 2:42 PM EDT

MGM Resorts (MGM) is resting today after Tuesday's powerful 7.5% surge. The stock began yesterday's session with a huge gap-higher open following the resort/casino operator's pre-open earnings report. Investors aggressively bid for shares on the positive news, pushing volume to its heaviest level of the year.

This was an impressive reversal for a stock that had reached fresh 2012 lows just days before....291 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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