Sector Mid-Day Wrap - Casinos Lower: WYNN, ASCA

Published on Tuesday, 07 February 2012 11:52 Written by Danny Miller

New York, February 7th (TradersHuddle.com) - Casino stocks are trading lower by -0.11% versus their previous trading day close. Casino stocks are mixed with a slight downside bias with 3 out of 7 casino companies trading higher.

Wynn Resorts (NASDAQ:WYNN) is the top performer of the casino stocks today trading at $114.08 representing 1.11%. versus the previous trading session. Wynn Resorts, the luxury casino operator, shares have defined support at $112.16 and resistance at $120.81.

Ameristar Casinos (NASDAQ:ASCA) is also among the top performers, currently trading at $20.64 representing 0.83% from its previous close. Ameristar Casinos, the gaming company that owns and operates casinos resorts in several states in the U.S. has calculated support and resistance levels at $18.42 and $21.15 respectively.

Casino Stocks worst performers include Penn National Gaming (NASDAQ:PENN) that is trading at $41.47 or -0.81% 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 $38.67 and resistance at $41.91. Also among the worst performers is MGM Resorts (NYSE:MGM), which so far is trading at $13.92 representing -0.71% from the previous trading session.

Casino stocks are underperforming the broad market S&P 500 Index is currently trading at 1346.07, 1.74 points or 0.13% from the previous trading session.