Wynn Resorts - Top Performing Casino Stock - Mid-Day Update

Published on Tuesday, 17 January 2012 11:52 Written by Gerard Lerod

New York, January 17th (TradersHuddle.com) - Casino stocks are trading higher by 1.39% versus their previous trading day close. Casino stocks are having a pretty much broad rally with 6 out of 7 casino companies trading higher.

Wynn Resorts (NASDAQ:WYNN) is the top performer of the casino stocks today trading at $112.96 representing 4.74%. versus the previous trading session. Wynn Resorts, the luxury casino operator, shares have defined support at $104.62 and resistance at $112.16.

Las Vegas Sands (NYSE:LVS) is also among the top performers, currently trading at $46.69 representing 1.39% from its previous close. Las Vegas Sands, the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore has calculated support and resistance levels at $41.77 and $44.66 respectively.

Casino Stocks worst performers include Penn National Gaming (NASDAQ:PENN) that is trading at $40.71 or -0.17% from the previous close. The Shares of Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana have defined support at $34.70 and resistance at $40.89. Also among the worst performers is Isle of Capri Casinos (NASDAQ:ISLE), which so far is trading at $4.45 representing 0.23% from the previous trading session.

Casino stocks are outperforming the broad market S&P 500 Index is currently trading at 1299.7, 10.61 points or 0.82% from the previous trading session.