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

By James Quinn

Wynn Resorts Ltd (NASDAQ:WYNN) shares have crossed bearishly below their 10-day moving average of $189.08 on a volume of 1.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $180.72, 119% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Wynn Resorts Ltd on March 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $176.06. Since that recommendation, shares of Wynn Resorts Ltd have risen 7.9%. 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 ltd

Ticker(s): WYNN