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Watch for Wynn Resorts Ltd to Potentially Pullback After Gaining 2.07% Yesterday

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $182.38 to a high of $188.17. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $188.00 on volume of 674,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Wynn Resorts Ltd on March 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $176.06. Since that recommendation, shares of Wynn Resorts Ltd have risen 4.4%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 128% above that low price at $187.78 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN