Casino Stocks Hit Blackjack - Voice of the People
02 Maio 2011 - 2:18PM
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«inthemoneystocks».
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Casino Stocks Hit Blackjack
The leading casino stocks are all trading higher this morning.
It now seems that whenever the Shanghai Index (China) is higher the
casino stocks seem to benefit from the Macao markets and trade
higher on the session.
This morning Wynn Resorts Ltd. (WYNN) is
trading higher by $3.30 to $150.45 a share. WYNN is making a new 52
week high breaking out of a one week consolidation base. Traders
can watch for intra-day resistance around the $151.00 and $151.50
levels. Traders can watch for small intra-day pullbacks from these
levels.
Las Vegas Sands Corp. (LVS) is trading higher
by 0.71.cents to $47.75 a share. This stock has had a tremendous
rally since making a pivot low on March 15, 2011 at $36.00 a share.
LVS should have some intra-day resistance around the $48.00 area.
This stock is very strong today and the intra-day pullbacks could
be minimal.
MGM Resorts International (MGM) is trading
higher by 0.20 cents to $12.86 a share. This stock does not have
the same relative strength as WYNN, or LVS on the charts. MGM stock
is trading near the lower end of the daily chart. The stock is
still trading below the 20, and 50 daily chart moving averages,
this formation puts this stock in a weak technical position. Short
term traders can watch for intra-day resistance around the $12.95,
and $13.06 levels.
Nicholas Santiago
InTheMoneyStocks.com
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LAS VEGAS SANDS (LVS): Free Stock Analysis Report
MGM RESORTS INT (MGM): Free Stock Analysis Report
WYNN RESRTS LTD (WYNN): Free Stock Analysis Report
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