Casinos Underperfomed: ISLE, WYNN

Published on Monday, 04 June 2012 17:06 Written by Christian Paolinetti

New York, June 4th (TradersHuddle.com) - Casino stocks ended the session lower by closing -0.54% versus their previous day close. Casino stocks were mixed with 4 out of 7 casino companies trading higher.

Isle of Capri Casinos (NASDAQ:ISLE) was the top performer of the casino stocks today closing at $5.31 representing 2.22%. versus the previous trading session. The shares of Isle of Capri Casinos, the owner and operator of branded casino resorts throughout the U.S., the U.K. and the Bahamas have defined support at $5.03 and resistance at $5.48.

Wynn Resorts (NASDAQ:WYNN) was also among the top performers, closed the trading session at $98.17 representing 0.81% from its previous close. Wynn Resorts, the luxury casino operator has calculated support and resistance levels at $98.26 and $106.14 respectively.

Casino Stocks worst performers include Penn National Gaming (NASDAQ:PENN) that closed the trading session at $42.75 or -2.73% from the previous close. Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana shares have defined support at $42.95 and resistance at $46.28. Also among the worst performers was Las Vegas Sands (NYSE:LVS), which closed the trading session at $42.38 representing -1.37% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1278.18, 0.14 points or 0.01% from the previous trading session.