Monarch Casino & Resort Earns Membership In 95-Plus Composite Rating Club

Monarch Casino & Resort (MCRI) saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.


The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Monarch Casino & Resort is currently forming a consolidation, with a 76.10 entry. See if the stock can break out in volume at least 40% higher than normal. Understand that it’s a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than large-cap stocks.

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One weak spot is the company’s 76 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The company posted a 488% earnings gain for Q2. It has now posted accelerating EPS increases for four consecutive quarters. Sales growth climbed 545%, up from 47% in the prior report. The company has now posted rising growth in each of the last four quarters.

Monarch Casino & Resort earns the No. 2 rank among its peers in the Leisure-Gaming/Equipment industry group. Churchill Downs (CHDN) is the No. 1-ranked stock within the group.


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