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Look for Shares of Wynn Resorts Ltd to Potentially Rebound after Yesterday's 2.77% Sell Off

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $104.18 to a high of $109.39. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $106.63 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Wynn Resorts Ltd share prices have been bracketed by a low of $82.51 and a high of $203.63 and are now at $110.36, 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.5%.

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