Casino Stocks Hit The Jackpot For Now
This morning, the leading casino stocks are trading higher to start the day. Many traders and investors seem to have nibbled on the casino stocks over the past couple of trading sessions. Today, Las Vegas Sands Corp (NYSE:LVS) is trading higher by $1.33 to $52.06 a share. Short term traders should watch for intra-day resistance around the $53.10, and $54.11 levels.
Some other leading casino stocks that are also trading positive today include Wynn Resorts Ltd. (NASDAQ:WYNN), MGM Resorts International (NYSE:MGM), Melco Crown Entertainment Limited (NASDAQ:MPEL), and Boyd Gaming Corp (NYSE:BYD). This sector will often trade close together. All of these stocks are also affected by the Chinese economy due to their Macao operations.