Casinos and Gaming Stocks Review -- Research on Scientific Games, Melco Crown Entertainment, Boyd Gaming, and Wynn Resorts

LONDON, July 9, 2014 /PRNewswire/ --

On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average finished the day 0.69% lower at 16,906.62, and the S&P 500 closed at 1,963.71, down 0.70%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 531.28, down 1.00%, while the index has advanced 4.67% in the previous three months. Investor-Edge has initiated coverage on the following equities: Scientific Games Corp. (NASDAQ: SGMS), Melco Crown Entertainment Ltd (NASDAQ: MPEL), Boyd Gaming Corp. (NYSE: BYD) and Wynn Resorts Ltd (NASDAQ: WYNN). Free technical research on SGMS, MPEL, BYD and WYNN can be downloaded upon signing up at:

http://www.investor-edge.com/4669-register

On Tuesday, shares in Scientific Games Corp. recorded a trading volume of 1.15 million shares, lower than its three months average volume of 1.43 million shares. The stock ended the day at $10.19, which was 3.50% below its previous day's closing of $10.56, and registered an intraday range of $10.11 and $10.57. Shares of the company traded at a PE ratio of 96.06. Although Scientific Games Corp.'s shares have surged 17.40% in the last one month, it has lost 8.03% in the previous three trading sessions and 39.81% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $10.35 and $14.35, respectively. Furthermore, shares of the company have a Relative Strength Index (RSI) of 47.55. Sign up today to read free research on SGMS at:

http://www.investor-edge.com/4669-SGMS-09Jul2014.pdf

Melco Crown Entertainment Ltd's stock finished the Tuesday's session 4.85% lower at $33.94. A total of 4.98 million shares were traded, which was above its three months average volume of 4.23 million shares. The stock moved between $33.55 and $35.16 during the session. Over the past three trading sessions and since the start of this year, Melco Crown Entertainment Ltd's shares have declined 6.81% and 12.73%, respectively. However, the company's stock has gained 4.27% in the last one month. The stock is trading above its 50-day moving average of $33.91, while the 50-day moving average is below Melco Crown Entertainment Ltd's 200-day moving average of $36.63. Melco Crown Entertainment Ltd's stock traded at a PE ratio of 26.56 and has an RSI of 57.07. Sign up today to read free research on MPEL at:

http://www.investor-edge.com/4669-MPEL-09Jul2014.pdf

On Tuesday, shares in Boyd Gaming Corp. traded between $11.69 and $12.25 before ending the session 3.66% lower at $11.84. Boyd Gaming Corp.'s stock reported a trading volume of 1.76 million shares, close to its three months average volume of 1.80 million shares. Although, Boyd Gaming Corp.'s shares have lost 3.58% in the past three months, it has advanced 7.34% in the last one month and 5.15% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $11.38 and $11.77, respectively. Moreover, shares of the company have an RSI of 62.04. Sign up today to read free research on BYD at:

http://www.investor-edge.com/4669-BYD-09Jul2014.pdf

Wynn Resorts Ltd's stock declined 3.07%, to close the day at $202.18. The stock recorded a trading volume of 1.64 million shares, below its three months average volume of 1.95 million shares. The stock oscillated between $200.66 and $207.94 during the session. Over the last three trading sessions and over the past one month, Wynn Resorts Ltd's shares have fallen by 4.47% and 1.37%, respectively. However, the stock has gained 4.10% since the start of this year. The stock is trading above its 200-day moving average of $196.86, while the 200-day moving average is below Wynn Resorts Ltd's 50-day moving average of $205.58. Additionally, the stock traded at a PE ratio of 25.93 and has an RSI of 53.76. Sign up today to read free research on WYNN at:

http://www.investor-edge.com/4669-WYNN-09Jul2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED