Apr 30, 2013 (Market movers via COMTEX) -- Monarch Casino & Resort (NASDAQ:MCRI) is one of today's notable stocks on the rise, up 5.3% to $12.85. The S&P is currently trading fractionally lower to 1,591 and the Dow Jones Industrial Average is trading 0.2% lower to 14,781.
In the past 52 weeks, Monarch Casino & Resort share prices have been bracketed by a low of $7.05 and a high of $12.99 and are now at $12.85, 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.
Monarch Casino & Resort, Inc., through its wholly owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada. The resort features a casino, a hotel and motor lounge, restaurants, bars, a nightclub, a swimming pool and health club, a gift shop, a family entertainment center, banquet and meeting space, and surface parking spaces.
Monarch Casino & Resort (NASDAQ:MCRI) has potential upside of 16.7% based on a current price of $12.85 and analysts' consensus price target of $15.00. Monarch Casino & Resort shares have support at the 50-day moving average (MA) of $9.83 and additional support at the 200-day MA of $9.18.
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