Sector Wrap Up - Casinos Lower: LVS, WYNN

Published on Tuesday, 23 October 2012 17:06 Written by Gerard Lerod

New York, October 23rd (TradersHuddle.com) - Casino stocks ended the session lower by closing -1.59% versus their previous day close. Casino stocks had a broad decline with 0 out of 7 casino companies trading higher.

Las Vegas Sands (NYSE:LVS) was the top performer of the casino stocks today closing at $44.8 representing -0.91%. 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 $42.63 and resistance at $46.45.

Wynn Resorts (NASDAQ:WYNN) was also among the top performers, closed the trading session at $114.37 representing -0.94% from its previous close. Wynn Resorts, the luxury casino operator has calculated support and resistance levels at $109.948 and $119.5 respectively.

Casino Stocks worst performers include Ameristar Casinos (NASDAQ:ASCA) that closed the trading session at $18.03 or -2.5% from the previous close. Ameristar Casinos, the gaming company that owns and operates casinos resorts in several states in the U.S. shares have defined support at $16.48 and resistance at $19.11. Also among the worst performers was MGM Resorts (NYSE:MGM), which closed the trading session at $10.74 representing -2.45% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1413.11, -20.71 points or -1.44% from the previous trading session.