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

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) crossed over its 10-day moving average of $136.29 on a volume of 992K shares. Swing traders may find 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 $82.51 to $203.63 and is now at $137.15, 66% above that low. The 200-day and 50-day moving averages have moved 0.29% lower and 1.3% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Wynn Resorts Ltd on June 5th, 2018 by issuing a Downtrend alert when the shares were trading at $179.68. Since that call, shares of Wynn Resorts Ltd have fallen 24.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wynn resorts ltd

Ticker(s): WYNN