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Wynn Resorts Ltd Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Wynn Resorts Ltd (NASDAQ:WYNN) traded today at $142.00, breaking its 52-week high. Approximately 641,000 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 feature guest rooms and suites, restaurants, a golf course, and an on-site luxury automotive dealership.

Wynn Resorts Ltd share prices have moved between a 52-week high of $142.00 and a 52-week low of $82.51 and are now trading 71% above that low price at $141.34 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

Based on a current price of $141.34, Wynn Resorts Ltd is currently 2.5% above its average consensus analyst price target of $137.87. The stock should discover initial support at its 50-day moving average (MA) of $91.00 and subsequent support at its 200-day MA of $76.19.

SmarTrend is tracking the current trend status for Wynn Resorts Ltd and will alert subscribers who have WYNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows wynn resorts ltd

Ticker(s): WYNN