Followers | 679 |
Posts | 141062 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, August 11, 2020 12:17:28 PM
By: Tom Bowley | August 11, 2020
* (Click Read Full Story »»» at the bottom of the page for the charts to appear on the post)
Many of the worst-hit stocks during the pandemic are leading this latest rally and, among those, are gambling stocks ($DJUSCA). The group broke out yesterday above July highs and now has its collective sight set on the June 8th closing high of 747. Wynn Resorts (WYNN), one of the bigger names, is still attempting to clear its July high. On a relative basis, it's been a laggard vs. its gambling peers and vs. the benchmark S&P 500. However, a breakout today on very heavy volume could at least turn the short-term chart in its favor:
It's not shown on the above chart, but WYNN's volume today is already 5.2 million in the first two hours. It's only cleared 10 million shares once in the past two months. It's definitely on pace to do that today. So the big question is....do we see a breakout or a false breakout today? Obviously, the former is a much better development for the gambling group as a whole.
Happy trading!
Tom Bowley, Chief Market Strategist
EarningsBeats.com
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent WYNN News
- Wynn Resorts Announces First Quarter Earnings Release Date • Business Wire • 04/30/2024 08:05:00 PM
- Wynn Resorts Announces Final Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025 • Business Wire • 03/09/2024 01:39:00 AM
- Wynn Las Vegas to Debut Culinary Festival, Revelry, Following The World's 50 Best Restaurants Awards • PR Newswire (US) • 03/06/2024 07:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:03:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:02:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 12:00:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 09:34:00 PM
- Wynn Resorts Announces Early Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025 • Business Wire • 02/23/2024 12:10:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:08:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:06:24 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:04:48 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 03:23:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 10:00:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 03:53:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 10:14:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 10:13:31 PM
- Wynn Resorts Announces Commencement of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025 • Business Wire • 02/08/2024 10:01:00 PM
- Wynn Resorts Announces Pricing of Private Add-On Offering of $400 Million Aggregate Principal Amount of Wynn Resorts Finance 7.125% Senior Notes due 2031 • Business Wire • 02/08/2024 10:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 05:34:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 01:11:43 PM
- Wynn Resorts Announces Private Add-On Offering of $400 Million of Wynn Resorts Finance 7.125% Senior Notes due 2031 • Business Wire • 02/08/2024 12:56:00 PM
- Arm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates • IH Market News • 02/08/2024 11:10:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:07:43 PM
- Wynn Resorts, Limited Reports Fourth Quarter and Year End 2023 Results • Business Wire • 02/07/2024 09:02:00 PM
- U.S. Index Futures Dip Ahead of Key Earnings Reports, Oil Prices Climb • IH Market News • 02/07/2024 11:17:09 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM