Pre-Market Pulse on Casinos and Gaming Stocks - MGM Resorts Intl., Melco Crown Entertainment, Boyd Gaming, Caesars Entertainment, and Wynn Resorts
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LONDON, October 28, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: MGM Resorts International (NYSE: MGM), Melco Crown Entertainment Ltd (NASDAQ: MPEL), Boyd Gaming Corporation (NYSE: BYD), Caesars Entertainment Corporation (NASDAQ: CZR), and Wynn Resorts Ltd (NASDAQ: WYNN). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Monday, October 27, 2014, mostly ended on a positive note as the Dow Jones Industrial Average finished at 16,817.94, up 0.07% and the NASDAQ Composite closed at 4,485.93, up 0.05%. The S&P 500 finished the session 0.15% lower at 1,961.63. During the trading session, six out of ten sectors finished on a higher note. The S&P 500 Consumer Discretionary Sector Index ended the day at 527.15, up 0.18%, with the index advancing 1.50% in the previous three trading sessions. Register for your complimentary reports on these five stocks at:
http://investor-edge.com/register
MGM Resorts International's stock edged 0.40% higher, to close the day at $22.67. The stock recorded a trading volume of 5.68 million shares, below its three months average volume of 9.26 million shares. The company's shares oscillated between $22.15 and $22.70 during the session. Over the last three trading sessions and over the past one month, MGM Resorts International's shares have advanced 2.49% and 0.35%, respectively. However, the stock has lost 14.10% in the previous three months. The stock is trading below its 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $24.91 is above its 50-day moving average of $23.09. Additionally, MGM Resorts International's shares traded at a PE ratio of 53.09 and have a Relative Strength Index (RSI) of 54.17. Sign up and read the free notes on MGM at:
www.Investor-Edge.com/MGM-28Oct2014
On Monday, shares in Melco Crown Entertainment Ltd recorded a trading volume of 1.74 million shares, lower than its three months average volume of 4.64 million shares. The stock ended the day at $25.16, which was 1.80% below its previous day's closing of $25.62, and registered an intraday range of $24.95 and $25.42. Shares of the company traded at a PE ratio of 20.54. Melco Crown Entertainment Ltd's stock has lost 1.64% in the previous three trading sessions, 5.06% in the last one month, and 35.30% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $26.80 and $34.14, respectively. Furthermore, shares of Melco Crown Entertainment Ltd have an RSI of 48.14. The complimentary notes on MPEL can be downloaded as in PDF format at:
www.Investor-Edge.com/MPEL-28Oct2014
Boyd Gaming Corp.'s stock edged 0.78% higher to end Monday's session at $10.35. The stock recorded a trading volume of 0.90 million shares, below its three months average volume of 1.61 million shares. The company's shares fluctuated between $10.08 and $10.39 during the session. Boyd Gaming Corp.'s shares have advanced 3.40% over the previous three trading sessions. However, the stock has fallen by 2.08% in the last one month and 8.08% since the beginning of 2014. The stock is trading below its 50-day and 200-day moving averages. Boyd Gaming Corp.'s shares 200-day moving average of $11.18 is above its 50-day moving average of $10.45. Additionally, the stock has an RSI of 53.05. Register for free on Investor-Edge and access the latest research on BYD at:
www.Investor-Edge.com/BYD-28Oct2014
On Monday, shares in Caesars Entertainment Corp. fluctuated between $11.48 and $12.01 before ending the session 4.23% lower at $11.56. The stock reported a trading volume of 1.08 million shares, lower than its three months average volume of 1.56 million shares. Caesars Entertainment Corp.'s shares have declined 13.73% in the last one month, 30.86% in the previous three months, and 46.33% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $12.45 and $17.85, respectively. Moreover, shares of Caesars Entertainment Corp. have an RSI of 52.40. The complete research on CZR is available for free at:
www.Investor-Edge.com/CZR-28Oct2014
Wynn Resorts Ltd's stock finished Monday's session 0.57% lower at $183.67. A total of 2.00 million shares were traded, which was above its three months average volume of 1.92 million shares. The stock vacillated between $182.89 and $185.69 during the session. Over the last one month and over the previous three months, Wynn Resorts Ltd's shares have fallen by 0.45% and 10.17%, respectively. Additionally, from the beginning of 2014, the stock has lost 5.43%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $205.89 is greater than its 50-day moving average of $186.16. Wynn Resorts Ltd's stock traded at a PE ratio of 21.92 and has an RSI of 53.24. Free in depth research on WYNN is available at:
www.Investor-Edge.com/WYNN-28Oct2014
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