By: Scott Redler
I hate playing laggards, BUT Wynn is at new highs and should see $80-90 area, and then $120 later this year. LVS had a Rock Star breakout on volume yesterday. It looks to have follow-through to $23-24 then on the weekly chart we can see $30 this year.
.png)
MGM is definitely the laggard, BUT on the daily and weekly charts it looks great! There is a heavy short position here. On the daily it seems like a trade on HEAVY volume through $12.70-12.90 opens the door for a move to $13.50. If it holds above $13 we will see an attempt to go after the old highs at $14.25. Ultimately on the weekly chart, it looks like $16-18 is attainable.
