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Melco Resorts Shares Surge Above 200-Day Moving Average

A recent report indicates Melco Resorts & Entertainment Ltd's stock crossed above its 200-day moving average, showing a notable price increase of 6.3%. This upward momentum, reflected in its trading patterns, suggests positive investor sentiment towards MLCO shares.

Date: 
AI Rating:   7

Stock Performance Overview

According to the report, shares of Melco Resorts & Entertainment Ltd (MLCO) have recently crossed above their 200-day moving average of $7.08, reaching a high of $7.29 per share. This reflects an increase of 6.3% on the trading day, indicating positive market sentiment.

The 52-week low for MLCO is $4.78, while the 52-week high stands at $9.56, with the last trade recorded at $7.12. This performance suggests that the stock has been trading within a relatively stable range compared to its historical performance.