|Day Low/High||29.75 / 31.90|
|52 Wk Low/High||20.35 / 32.55|
Investors considering a purchase of Monarch Casino & Resort, Inc. stock, but cautious about paying the going market price of $18.86/share, might benefit from considering selling puts among the alternative strategies at their disposal.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Even with Atlantic City recently flirting with bankruptcy, there are still some casinos investors can bet on that have better odds than the roulette table.
Part of the reason casinos have been struggling is due to the economy.
MGM Resorts (MGM) stock is lower today on reports that Macau is looking to place a limit on the number of tourists visiting the city from the mainland.
Wynn Resorts (WYNN) and other casino stocks are falling after the state of Nevada's gambling revenue for August declined by 3.7% from the previous year.
TheStreet highlights 3 stocks that pushed the Leisure industry
Investors considering a purchase of Monarch Casino & Resort, Inc. shares, but cautious about paying the going market price of $17.68/share, might benefit from considering selling puts among the alternative strategies at their disposal.
Upgrades: AIR, CHRM, CMFO, FRBK, HGSH, JVA, MCRI, MCS, OZM, SCSC Downgrades: PFSW, SAPE, SRT Initiations: None
Upgrades: BKCC, CENX, FRM, TLD, LPS, PMC, MCRI, SMRT, SYNM Downgrades: ALSK, BAP, BCO, DRRX, NBIX, OFIX, SMA, TLM Initiations: OSH
Monarch Casino & Resort (Nasdaq:MCRI) has been upgraded by TheStreet Ratings from a hold to buy.
Theses heavily shorted sin stocks could surge higher on any positive catalyst.
Options trading shows that investors back MGM, expect volatility in the broader market and have turned bearish on UPS.
A weak greenback has been good for stocks lately. Plus, charts of the Dow, Lucent, CMGI and more.