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 has 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.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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