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Shares of ASCA Up 36.0% Since Uptrend Call on Shares
Jan 18, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Ameristar Casinos (NASDAQ:ASCA) on November 29th, 2012 at $19.85. In approximately 2 months, Ameristar Casinos has returned 36.00% as of today's recent price of $26.99.
Ameristar Casinos share prices have moved between a 52-week high of $27.18 and a 52-week low of $15.04 and are now trading 80% above that low price at $27.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 3.2%.
Ameristar Casinos, Inc. is a multi-jurisdictional gaming company that owns and operates casinos and related hotel, food and beverage, entertainment, and other facilities. The Company's properties are located in Nevada, Mississippi, and Iowa.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ameristar Casinos shares.Log in and add Ameristar Casinos (ASCA) 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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