MGM MIRAGE - Worst Performing Casino Stock

Published on Monday, 07 June 2010 17:06 Written by Danny Miller

New York, June 7th (TradersHuddle.com) - Casino stocks ended the session lower by closing -6.61% versus their previous day close. Casino stocks had a broad decline with 0 out of 7 casino companies trading higher.

Ameristar Casinos (NASDAQ:ASCA) was the top performer of the casino stocks today closing at $16.97 representing -3.14%. versus the previous trading session. The shares of Ameristar Casinos, the gaming company that owns and operates casinos resorts in several states in the U.S. have defined support at $17.48 and resistance at $18.43.

Wynn Resorts (NASDAQ:WYNN) was also among the top performers, closed the trading session at $75.6 representing -5.28% from its previous close. Wynn Resorts, the luxury casino operator has calculated support and resistance levels at $72.53 and $85.99 respectively.

Casino Stocks worst performers include MGM MIRAGE (NYSE:MGM) that closed the trading session at $11.01 or -9.23% from the previous close. MGM MIRAGE, the hospitality and gaming Company owner of properties like the Bellagio and MGM Grand in Las Vegas, NV shares have defined support at $11.05 and resistance at $12.94. Also among the worst performers was Isle of Capri Casinos (NASDAQ:ISLE), which closed the trading session at $9.95 representing -8.97% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1050.47, -14.41 points or -1.35% from the previous trading session.