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Bullish Moving Average Cross by Wynn Resorts Ltd (WYNN)

By David Diaz

Wynn Resorts Ltd (NASDAQ:WYNN) shares have crossed bullishly above their 10-day moving average of $119.83 on a volume of 230K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Wynn Resorts Ltd has traded in a range of $90.06 to $197.68 and is now at $121.56, 35% above that low. The 200-day and 50-day moving averages have moved 0.2% lower and 0.99% lower over the past week, respectively.

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