Ameristar Casinos

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Ameristar Casinos ( ASCA) is a developer, owner and operator of casino entertainment facilities in local and regional markets. The stock is trading up 5.3% at $21.49 in recent trading.

Today's Volume: 1.16 milion

Average Volume: 226,675

Volume % Change: 699%

From a technical perspective, ASCA is gapping up big today and breaking out above some near-term overhead resistance at $21 with heavy volume. That said, the stock is trading well off its daily high of $23.41, which could mean this gap up isn't going to last for long.

Traders should only look for long biased trades in ASCA if the stock is trending above that key $21 breakout level, and they should look for short biased trades on any high-volume break below $21.

Ameristar is one of the highest-yielding leisure stocks.

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