Casino Stocks Wrap Up - Lower: PNK, PENN

Published on Monday, 06 February 2012 17:06 Written by Danny Miller

New York, February 6th (TradersHuddle.com) - Casino stocks ended the session lower by closing -0.61% versus their previous day close. Casino stocks had widespread weakness with 2 out of 7 casino companies trading higher.

Pinnacle Entertainment (NYSE:PNK) was the top performer of the casino stocks today closing at $10.37 representing 1.02%. versus the previous trading session. The shares of Pinnacle Entertainment, the owner and operator of casinos and casinos resorts throughout the U.S. and Argentina have defined support at $9.62 and resistance at $10.93.

Penn National Gaming (NASDAQ:PENN) was also among the top performers, closed the trading session at $41.63 representing 0.99% from its previous close. Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana has calculated support and resistance levels at $38.67 and $41.91 respectively.

Casino Stocks worst performers include MGM Resorts (NYSE:MGM) that closed the trading session at $13.95 or -2.92% from the previous close. MGM Resorts, the hospitality and gaming Company owner of properties like the Bellagio and MGM Grand in Las Vegas, NV shares have defined support at $12.71 and resistance at $13.49. Also among the worst performers was Wynn Resorts (NASDAQ:WYNN), which closed the trading session at $112.83 representing -1.87% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1344.33, -0.57 points or -0.04% from the previous trading session.