Thursday, 7 April 2011

United Steel (X) & MGM Resorts International (MGM)

Looking at the weekly charts of both X and MGM, one cannot help but feel that prices are indeed going to break higher for now unless the lower channel trend line of both stocks are violated. While it may seemed too premature to said that the both stocks are now forming the last leg of the lower lows of the bullish triangle on the weekly charts, one cannot deny the fact that the bull run is pretty much intact. The charts do not lie.


United Steel - X



MGM Resort International - MGM
MGM looks to be a low risk buy now based on weekly charts.


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