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Look for Shares of Wynn Resorts Ltd to Potentially Rebound after Yesterday's 12.26% Sell Off

By Nick Russo

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $97.25 to a high of $101.12. Yesterday, the shares fell 12.3%, which took the trading range below the 3-day low of $107.49 on volume of 7.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Wynn Resorts Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wynn Resorts Ltd in search of a potential trend change.

Wynn Resorts Ltd share prices have moved between a 52-week high of $203.63 and a 52-week low of $82.51 and are now trading 22% above that low price at $100.40 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.8%.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN