Mid-Day Update - Casinos Outperfoming: PENN, LVS

Published on Friday, 27 January 2012 11:52 Written by Gerard Lerod

New York, January 27th (TradersHuddle.com) - Casino stocks are trading higher by 0.48% versus their previous trading day close. Casino stocks are mixed with a slight upside bias with 5 out of 7 casino companies trading higher.

Penn National Gaming (NASDAQ:PENN) is the top performer of the casino stocks today trading at $41.64 representing 1.36%. versus the previous trading session. Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana, shares have defined support at $39.01 and resistance at $41.63.

Las Vegas Sands (NYSE:LVS) is also among the top performers, currently trading at $49.46 representing 1% 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 $47.50 respectively.

Casino Stocks worst performers include Pinnacle Entertainment (NYSE:PNK) that is trading at $10.41 or -1.51% from the previous close. The Shares of Pinnacle Entertainment, the owner and operator of casinos and casinos resorts throughout the U.S. and Argentina have defined support at $10.39 and resistance at $10.93. Also among the worst performers is Wynn Resorts (NASDAQ:WYNN), which so far is trading at $119.12 representing -0.03% from the previous trading session.

Casino stocks are outperforming the broad market S&P 500 Index is currently trading at 0, 0 points or 0% from the previous trading session.