Apr 30, 2013 (52 Week high-lows via COMTEX) -- Shares of Monarch Casino & Resort (NASDAQ:MCRI) traded today at $12.99, breaking its 52-week high. So far today approximately 101,000 shares have been exchanged, as compared to an average 30-day volume of 49,000 shares.

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 share prices have moved between a 52-week high of $12.99 and a 52-week low of $7.05 and are now trading 82% above that low price at $12.80 per share. 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%.

There is potential upside of 17.2% for shares of Monarch Casino & Resort based on a current price of $12.80 and an average consensus analyst 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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