Casino Stocks Mid-Day Round Up - Lower: PNK, LVS

Published on Tuesday, 26 June 2012 11:52 Written by Danny Miller

New York, June 26th (TradersHuddle.com) - Casino stocks are trading lower by -0.67% versus their previous trading day close. Casino stocks are having a broad decline with 1 out of 7 casino companies trading higher.

Pinnacle Entertainment (NYSE:PNK) is the top performer of the casino stocks today trading at $9.31 representing 0.54%. versus the previous trading session. Pinnacle Entertainment, the owner and operator of casinos and casinos resorts throughout the U.S. and Argentina, shares have defined support at $9.23 and resistance at $10.08.

Las Vegas Sands (NYSE:LVS) is also among the top performers, currently trading at $42.86 representing -0.1% from its previous close. Las Vegas Sands, the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore has calculated support and resistance levels at $43.94 and $46.80 respectively.

Casino Stocks worst performers include MGM Resorts (NYSE:MGM) that is trading at $10.49 or -4.55% from the previous close. 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 $10.66 and resistance at $11.42. Also among the worst performers is Ameristar Casinos (NASDAQ:ASCA), which so far is trading at $18.12 representing -0.66% from the previous trading session.

Casino stocks are underperforming the broad market S&P 500 Index is currently trading at 1313.25, -0.47 points or -0.04% from the previous trading session.