Casinos and Gaming Stocks Review -- Research on Scientific Games, Melco Crown Entertainment, Boyd Gaming, and Wynn Resorts Editor Note: For more information about this release, please scroll to bottom.
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:
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:
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:
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:
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:
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