Las Vegas Sands - Top Performing Casino Stock

Published on Friday, 31 August 2012 17:06 Written by Christopher Lynn

New York, August 31st (TradersHuddle.com) - Casino stocks ended the session higher by closing 0.8% versus their previous day close. Casino stocks had a broad rally with 7 out of 7 casino companies trading higher.

Las Vegas Sands (NYSE:LVS) was the top performer of the casino stocks today closing at $42.39 representing 1.46%. versus the previous trading session. The shares of Las Vegas Sands, the owner and operator of casino resorts and convention centers in the U.S., Macau, and Singapore have defined support at $38.71 and resistance at $43.87.

Ameristar Casinos (NASDAQ:ASCA) was also among the top performers, closed the trading session at $16.89 representing 1.26% 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 $16.50 and $17.33 respectively.

Casino Stocks worst performers include Isle of Capri Casinos (NASDAQ:ISLE) that closed the trading session at $6.24 or 0% from the previous close. Isle of Capri Casinos, the owner and operator of branded casino resorts throughout the U.S., the U.K. and the Bahamas shares have defined support at $5.95 and resistance at $6.54. Also among the worst performers was MGM Resorts (NYSE:MGM), which closed the trading session at $9.86 representing 0.31% from the previous trading session.

Casino stocks outperformed the broad market S&P 500 Index that closed the trading session at 1406.57, 7.09 points or 0.51% from the previous trading session.