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SmarTrend Watching for Potential Rebound in Shares of Wynn Resorts Ltd After 2.19% Loss

By James Quinn

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $147.66 to a high of $150.98. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $151.51 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Wynn Resorts Ltd on June 5th, 2018 by issuing a Downtrend alert when the shares were trading at $179.68. Since that call, shares of Wynn Resorts Ltd have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Wynn Resorts Ltd have traded between a low of $82.51 and a high of $203.63 and are now at $147.86, which is 79% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN