Gambling stocks: These two may have hit bottom, traders say

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Gambling stocks: These two may have hit bottom, traders say
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MGM Resorts and Las Vegas Sands may have bottomed: traders say. $MGM $LVS (via TradingNation)

Las Vegas Sands "stands the best chance to rise from the rubble at this point. Yes, absolutely Macao's gaming has just come to a complete standstill. But that's not the first time in that region for people to be dealing with a pandemic.

Craig Johnson, chief market technician at Piper Sandler, has his eye on a different casino stock as best positioned to bounce back.

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