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Bearish Moving Average Cross by Wynn Resorts Ltd (WYNN)

By Amy Schwartz

Wynn Resorts Ltd (NASDAQ:WYNN) shares have crossed bearishly below their 10-day moving average of $142.27 on a volume of 349K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Wynn Resorts Ltd share prices have moved between a 52-week high of $203.63 and a 52-week low of $90.06 and are now trading 56% above that low price at $140.43 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Wynn Resorts Ltd and will alert subscribers who have WYNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wynn resorts ltd

Ticker(s): WYNN