InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Casino Stocks Hit Blackjack 0 comments
    May 2, 2011 10:20 AM | about stocks: MGM, LVS, WYNN

     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.(NASDAQ: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.(NYSE: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(NYSE: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

    Stocks: MGM, LVS, WYNN
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.