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Shares of PNK Up 52.3% Since Uptrend Call on Shares
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Pinnacle Entertainment (NYSE:PNK) on July 30th, 2012 at $10.40. In approximately 5 months, Pinnacle Entertainment has returned 52.28% as of today's recent price of $15.83.
Over the past year, Pinnacle Entertainment has traded in a range of $8.89 to $16.31 and is now at $15.83, 78% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.6%.
Pinnacle Entertainment, Inc. is a diversified gaming company that owns and operates several casinos and casino hotels. The Company's facilities are located in Nevada, Mississippi, Louisiana, and Argentina. Pinnacle also receives lease income from card club casinos located in Los Angeles, California.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Pinnacle Entertainment shares.Log in and add Pinnacle Entertainment (PNK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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