Casino Stocks Wrap Up - Higher: ISLE, PNK

Published on Friday, 08 March 2013 17:06 Written by Danny Miller

New York, March 8th (TradersHuddle.com) - Casino stocks ended the session higher by closing 0.44% versus their previous day close. Casino stocks were mixed with a slight upside bias with 5 out of 7 casino companies trading higher.

Isle of Capri Casinos (NASDAQ:ISLE) was the top performer of the casino stocks today closing at $6.92 representing 2.82%. 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 $6.19 and resistance at $6.82.

Pinnacle Entertainment (NYSE:PNK) was also among the top performers, closed the trading session at $14.25 representing 1.06% from its previous close. Pinnacle Entertainment, the owner and operator of casinos and casinos resorts throughout the U.S. and Argentina has calculated support and resistance levels at $13.28 and $14.65 respectively.

Casino Stocks worst performers include MGM Resorts (NYSE:MGM) that closed the trading session at $12.39 or -0.4% from the previous close. MGM Resorts, the hospitality and gaming Company owner of properties like the Bellagio and MGM Grand in Las Vegas, NV shares have defined support at $12.00 and resistance at $13.59. Also among the worst performers was Las Vegas Sands (NYSE:LVS), which closed the trading session at $52.36 representing -0.2% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 1551.18, 6.92 points or 0.45% from the previous trading session.