Las Vegas Sands Leads The Casino Stocks
Las Vegas Sands Corp.(NYSE:LVS) is a leading casino stock that has been very strong today despite the sharp broad based stock market sell off. This stock is trading higher by 0.93 cents to $45.06 a share. The daily chart for LVS remains very strong as the stock is trading above all of the daily chart moving averages. The next important daily chart resistance area for LVS will be around the $46.50 area.
Wynn Resorts Ltd.(NYSE:WYNN) is also trading higher this afternoon by 0.47 cents to $138.93 a share. This stock remains in a very strong uptrend on the daily charts by trading above the major daily chart moving averages. The next daily chart resistance area for WYNN would be around the $143.00 area. Intra-day WYNN could have resistance around the $140.00 level.
MGM Resorts International(NYSE:MGM) is still trading lower by 0.25 cents to $13.75 a share. This stock is still trading negative on the session, however, MGM is trading sharply off of the morning lows by 0.35 cents. MGM will have intra-day resistance around the $13.85 and $14.00 levels.
Nicholas Santiago
InTheMoneyStocks.com
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.