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Wynn Resorts Bearish Moving Average Crossover Alert (WYNN)

By James Quinn

Today, shares of Wynn Resorts (NASDAQ:WYNN) have crossed bearishly below their 10-day moving average of $98.09 on a volume of 3.6 million 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.

In the past 52 weeks, shares of Wynn Resorts have traded between a low of $49.95 and a high of $136.93 and are now at $97.48, which is 95% above that low price. 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%.

SmarTrend is monitoring the recent change of momentum in Wynn Resorts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wynn Resorts in search of a potential trend change.

Keywords: moving crosses wynn resorts

Ticker(s): WYNN