Upgrade Alert for Pinnacle Entertainment (PNK)

Mar 12, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Pinnacle Entertainment (NYSE:PNK) was upgraded from Neutral to Buy at ISI Group today. The stock closed yesterday at $14.84 on volume of 588,000 shares, below average daily volume of 869,000. 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.

Pinnacle Entertainment (NYSE:PNK) has potential upside of 16.3% based on a current price of $14.76 and analysts' consensus price target of $17.17. The stock should find resistance at its 50-day moving average (MA) of $15.18, as well as support at its 200-day MA of $12.26.

Over the past year, Pinnacle Entertainment has traded in a range of $8.89 to $16.97 and closed yesterday at $14.76, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Pinnacle Entertainment and will alert subscribers who have PNK in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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