Wynn Resorts - Worst Performing Casino Stock

Published on Friday, 03 February 2012 17:06 Written by Gerard Lerod

New York, February 3rd (TradersHuddle.com) - Casino stocks ended the session higher by closing 0.88% versus their previous day close. Casino stocks had a pretty much broad rally with 6 out of 7 casino companies trading higher.

MGM Resorts (NYSE:MGM) was the top performer of the casino stocks today closing at $14.54 representing 4.57%. versus the previous trading session. The shares of MGM Resorts, the hospitality and gaming Company owner of properties like the Bellagio and MGM Grand in Las Vegas, NV have defined support at $12.71 and resistance at $13.49.

Pinnacle Entertainment (NYSE:PNK) was also among the top performers, closed the trading session at $10.28 representing 3.63% 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 $9.62 and $10.93 respectively.

Casino Stocks worst performers include Wynn Resorts (NASDAQ:WYNN) that closed the trading session at $114.98 or -4.8% from the previous close. Wynn Resorts, the luxury casino operator shares have defined support at $112.16 and resistance at $123.27. Also among the worst performers was Ameristar Casinos (NASDAQ:ASCA), which closed the trading session at $20.49 representing 0.34% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1344.9, 19.36 points or 1.46% from the previous trading session.