May 02, 2013 at 10:55 AM EDT
Today’s Research on MGM, PENN, EXPE, and WYN

StockCall.com Provides Stock Research on MGM Resorts Intl., Penn National Gaming Inc., Expedia Inc., and Wyndham Worldwide Corp.

New York City, New York -- (May 02, 2013)

A report from the ADP released on Wednesday showed that the private sector in the U.S. added just 119,000 last month. The report has raised concerns that the recovery seen in the labor market earlier this year has stalled. This is not a good sign for resort & casino operators such as MGM Resorts International (NYSE: MGM), Penn National Gaming Inc. (NASDAQ: PENN), and lodging companies such as Expedia Inc. (NASDAQ: EXPE), and Wyndham Worldwide Corporation (NYSE: WYN) as a weakening labor market will force consumers to scale back discretionary spending. Shares of resort & casino operators and lodging companies ended mostly lower on Wednesday as the broad market fell sharply following the release of some disappointing economic data.StockCall professionals have completed their technical analysis on MGM, PENN, EXPE, and WYN and these free reports are accessible by registering at

www.stockcall.com/research

Shares of MGM Resorts International fell sharply in Wednesday’s trading session, tracking losses in the broad market. The stock closed 2.27% lower at $13.80 on above average volume of 14.23 million. Despite the sharp decline on Wednesday, MGM Resorts International’s shares have gained more than 2% so far this week. The stock is currently trading close to its 52-week high of $14.15. Year-to-date, shares of MGM have gained more than 18.50% as compared to a gain of nearly 11% for the S&P 500. The stock recently broke through $13.50 resistance level which is a bullish signal.Sign up for the free technical research on MGM at

www.StockCall.com/MGM050213.pdf

Shares of Penn National Gaming Inc. edged lower on Wednesday; however, the losses were limited. The stock ended the day 0.09% lower at $58.50 on volume of 400,239 after trading between $58.16 and $58.60. Shares of PENN have seen a pullback after hitting a 52-week high of $59.93 recently. The stock currently faces resistance at around $60. Year-to-date, the company’s shares have gained more than 19%, outperforming the S&P 500. The stock’s MACD, however, has crossed below the signal line, which is a bearish indication.Be sure to read our latest technical research on PENN by registering at

www.StockCall.com/PENN050213.pdf

Shares of Expedia Inc. struggled in trading on Wednesday as the broad market came under pressure. The stock closed 1.33% lower at $55.10 on above average volume of 2.72 million, taking its losses in the last three trading sessions to nearly 6%. Expedia’s shares have seen a series of lows this week which is a bearish signal. The stock has also slipped below its 200-day moving average, further confirming this negative trend. The company’s shares have fallen more than 10% so far in 2013, underperforming the S&P 500.Sign up and read the complimentary report on EXPE at

www.StockCall.com/EXPE050213.pdf

Shares of Wyndham Worldwide Corporation ended marginally higher in yesterday’s trading session. The stock closed 0.08% higher at $60.13 on above average volume of 1.81 million. Shares of WYN have fallen more than 1.80% this week. Despite the recent losses, the stock is still up more than 13.50% for the year. However, the stock has slipped below its 50-day moving average which indicates that market sentiment has turned bearish. The downbeat trend is further confirmed by the stock’s MACD chart.The free report on WYN can be downloaded by signing up now at

www.StockCall.com/WYN050213.pdf

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