The health of this U.S. based casino operator is very much linked to the American economy. The chart of MGM shows the stock hitting its 50 day moving average or $10.80. If this support level is broken, the immediate targets are $9.40, its 200 day moving average, $8.60 and $7.75. Resistance for MGM are $13 and $14.25, its 52 week high. The long term trend for MGM remains positive, trading above its 200 day moving average. Given its debt levels, this is not a stock to buy and hold. As long as the 200 day moving average is not broken, this would be a good entry point to go long MGM.