Penn National Gaming - Worst Performing Casino Stock

Published on Friday, 20 August 2010 17:06 Written by Gerard Lerod

New York, August 20th (TradersHuddle.com) - Casino stocks ended the session higher by closing 0.48% versus their previous day close. Casino stocks were mixed with 4 out of 7 casino companies trading higher.

Ameristar Casinos (NASDAQ:ASCA) was the top performer of the casino stocks today closing at $17.42 representing 1.34%. 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 $14.50 and resistance at $17.76.

Pinnacle Entertainment (NYSE:PNK) was also among the top performers, closed the trading session at $10.33 representing 1.27% from its previous close. Pinnacle Entertainment, the owner and operator of casinos and casinos resorts throughout the U.S. and Argentina has calculated support and resistance levels at $9.87 and $10.86 respectively.

Casino Stocks worst performers include Penn National Gaming (NASDAQ:PENN) that closed the trading session at $28.55 or -0.21% from the previous close. Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana shares have defined support at $26.49 and resistance at $29.11. Also among the worst performers was MGM Resorts (NYSE:MGM), which closed the trading session at $9.92 representing -0.2% from the previous trading session.

Casino stocks outperformed the broad market S&P 500 Index that closed the trading session at 1071.69, -3.94 points or -0.37% from the previous trading session.