Is It Time To Sell MGM Resorts International Stock?

The recent rally in MGM Resorts International (NYSE:MGM) stock may have just ended.

Before Tuesday, MGM reached the $42 level on four occasions since March. Each time they ran into resistance, or a wall of sellers, and a downtrend followed.

There’s a chance they break this resistance and move higher, but if this doesn’t happen over the next few days, shares could form a downtrend for the fifth time.