Gambling on a Basket Trade

The casinos seem to get all the attention. Las Vegas Sands (LVS), Wynn Resorts (WYNN) or even MGM Resorts MGM are usually the first names I hear talked about when traders talk gambling. And these actually have strong charts right now -- all except for Caesars Entertainment (CZR).

In fact, when you compare the charts of MGM and WYNN, you'll see the only big difference in the price. I see MGM is still in a strong bullish channel and WYNN is breaking out higher from a bullish flag. It really isn't all that different. A small tweak of a line here or there and the price patterns would be the same....258 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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