Wynn Resorts Ltd (WYNN)

[Bob22701]

WYNN - Look for Shares of Wynn Resorts to Potentially Rebound after Yesterday's 1.56% Sell Off
23 minutes ago - Comtex SmarTrend(R) via Comtex
Wynn Resorts (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $115.64 to a high of $119.57. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $112.00 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, shares of Wynn Resorts have traded between a low of $101.02 and a high of $172.58 and are now at $117.27, which is 16% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

SmarTrend recommended that subscribers consider buying shares of Wynn Resorts on December 27th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.87. Since that recommendation, shares of Wynn Resorts have risen 3.2%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at [e-mail]

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GLTA
Bob