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Sector Wrap Up - Casinos Lower: MGM, PENN - TradersHuddle.com

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mgm New York, October 7th (TradersHuddle.com) - Casino stocks ended the session lower by closing -0.59% versus their previous day close. Casino stocks had widespread weakness with 2 out of 7 casino companies trading higher.

MGM Resorts (NYSE:MGM) was the top performer of the casino

stocks today closing at $11.71 representing 0.77%. versus the previous trading session. 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 $10.10 and resistance at $11.56.

Penn National Gaming (NASDAQ:PENN) was also among the top performers, closed the trading session at $30.86 representing 0.33% from its previous close. Penn National Gaming, the owner and operator of casinos in Mississippi, and a riverboat gaming facility in Louisiana has calculated support and resistance levels at $28.12 and $30.99 respectively.

Casino Stocks worst performers include Isle of Capri Casinos (NASDAQ:ISLE) that closed the trading session at $7.44 or -1.98% 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 $6.65 and resistance at $7.67. Also among the worst performers was Wynn Resorts (NASDAQ:WYNN), which closed the trading session at $89.27 representing -1% from the previous trading session.

Casino stocks underperformed the broad market S&P 500 Index that closed the trading session at 0, 0 points or 0% from the previous trading session.



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEBu2R8XwEAP_ufSUqVwWbeYkY15A&url=http://www.tradershuddle.com/2010100796646/Stocks/sector-wrap-up-casinos-lower-mgm-penn.html

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