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After Yesterday's Decline of 4.18%, Wynn Resorts Ltd Offers Investors Better Value

By James Quinn

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $114.29 to a high of $116.87. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $119.19 on volume of 207,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Wynn Resorts Ltd has traded in a range of $82.51 to $147.50 and is now at $114.40, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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: rebounders wynn resorts ltd

Ticker(s): WYNN