May 13, 2013 (Market movers via COMTEX) -- Monarch Casino & Resort (NASDAQ:MCRI) is one of today's biggest movers, down 1.6% to $13.73. The Dow is trading fractionally lower to 15,088 and the S&P is currently trading fractionally higher to 1,635.
Potential upside of 9.2% exists for Monarch Casino & Resort, based on a current level of $13.73 and analysts' average consensus price target of $15.00. Monarch Casino & Resort shares have support at the 50-day moving average (MA) of $10.49 and additional support at the 200-day MA of $9.40.
Monarch Casino & Resort share prices have moved between a 52-week high of $14.60 and a 52-week low of $7.05 and are now trading 95% above that low price at $13.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 4.1%.
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.
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