Las Vegas Sands - Top Performing Casino Stock - Mid-Day Update

Published on Friday, 13 January 2012 11:52 Written by Christian Paolinetti

New York, January 13th (TradersHuddle.com) - Casino stocks are trading lower by -0.89% versus their previous trading day close. Casino stocks are having widespread weakness with 2 out of 7 casino companies trading higher.

Las Vegas Sands (NYSE:LVS) is the top performer of the casino stocks today trading at $45.7 representing 1.04%. versus the previous trading session. Las Vegas Sands, the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore, shares have defined support at $41.77 and resistance at $44.66.

MGM Resorts (NYSE:MGM) is also among the top performers, currently trading at $12.21 representing 0.66% from its previous close. MGM Resorts, the hospitality and gaming Company owner of properties like the Bellagio and MGM Grand in Las Vegas, NV has calculated support and resistance levels at $8.95 and $11.27 respectively.

Casino Stocks worst performers include Isle of Capri Casinos (NASDAQ:ISLE) that is trading at $4.42 or -3.07% from the previous close. The Shares of Isle of Capri Casinos, the owner and operator of branded casino resorts throughout the U.S., the U.K. and the Bahamas have defined support at $4.42 and resistance at $4.72. Also among the worst performers is Pinnacle Entertainment (NYSE:PNK), which so far is trading at $10.61 representing -3.02% from the previous trading session.

Casino stocks are underperforming the broad market S&P 500 Index is currently trading at 1285.59, -9.91 points or -0.76% from the previous trading session.