Mid-Day Update - Casinos Underperfoming: LVS, WYNN

Published on Thursday, 09 February 2012 11:52 Written by Gerard Lerod

New York, February 9th (TradersHuddle.com) - Casino stocks are trading lower by -0.09% versus their previous trading day close. Casino stocks are having a broad decline with 1 out of 7 casino companies trading higher.

Las Vegas Sands (NYSE:LVS) is the top performer of the casino stocks today trading at $52.51 representing 0.85%. versus the previous trading session. Las Vegas Sands, the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore, shares have defined support at $41.77 and resistance at $52.35.

Wynn Resorts (NASDAQ:WYNN) is also among the top performers, currently trading at $114.53 representing -0.1% from its previous close. Wynn Resorts, the luxury casino operator has calculated support and resistance levels at $112.05 and $120.81 respectively.

Casino Stocks worst performers include Ameristar Casinos (NASDAQ:ASCA) that is trading at $20 or -1.43% from the previous close. The Shares of Ameristar Casinos, the gaming company that owns and operates casinos resorts in several states in the U.S. have defined support at $18.42 and resistance at $21.15. Also among the worst performers is Isle of Capri Casinos (NASDAQ:ISLE), which so far is trading at $5.36 representing -0.37% from the previous trading session.

Casino stocks are underperforming the broad market S&P 500 Index is currently trading at 1349.34, -0.62 points or -0.05% from the previous trading session.