LVS went from 19 to 33 and WYNN trying to break into new highs above 94. Now MGM, which has been a dog lately, might go (every dog has its day!). The pattern looks OK right now, I am in tier 2 and will add as we get above $10.50-10.60 and hold. If this market holds up and WYNN’s break out is clean, I think this can play catch up quickly. Ir is important to remember that this is a laggard, and laggards are tricky.
Buy – 10.50-10.60
Stop – 10.20
Target is 11.30-11.70
