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Wynn Resorts Crosses Above its 10-day MA (WYNN)

By Nick Russo

Today, shares of Wynn Resorts (NASDAQ:WYNN) have advanced above their 10-day MA of $132.31 on a volume of 517K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $133.38, which is 167% 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 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 28.1%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wynn resorts

Ticker(s): WYNN