• Return to Headlines

Shares of Wynn Resorts Has Risen Above Previous 52-Week High

By James Quinn

Shares of Wynn Resorts (NASDAQ:WYNN) traded at a new 52-week high today of $137.52. Approximately 334,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.

Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships.

Over the past year, Wynn Resorts has traded in a range of $49.95 to $137.52 and is now at $137.44, 175% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

Wynn Resorts (NASDAQ:WYNN) defies analysts with a current price ($137.44) 22.8% above its average consensus price target of $106.06. The stock should find initial support at its 50-day moving average (MA) of $91.00 and further support at its 200-day MA of $76.19.

SmarTrend recommended that subscribers consider buying shares of Wynn Resorts on March 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.67. Since that recommendation, shares of Wynn Resorts have risen 32.3%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wynn resorts

Ticker(s): WYNN