Monday, May 21, 2012

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



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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
Nicholas Santiago


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