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Shares of Wynn Resorts Ltd Are Down on Strong Volume (WYNN)

By Amy Schwartz

Shares of Wynn Resorts Ltd are trading today in above average volume, with the share price falling 11.9% to $100.43. About 4.3 million shares have been traded today, as compared to the 30-day average volume of 2.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Wynn Resorts Ltd has traded in a range of $82.51 to $203.63 and is now at $99.72, 21% above that low. 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: unusual volume wynn resorts ltd

Ticker(s): WYNN