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SmarTrend Watching for Potential Rebound in Shares of Wynn Resorts Ltd After 12.26% Loss

By David Diaz

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.

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. The 200-day and 50-day moving averages have moved 0.8% lower and 1.76% lower over the past week, respectively.

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.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN