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Wynn Resorts Ltd Falls 1.35% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $114.92 to a high of $115.41. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $116.72 on volume of 848,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Wynn Resorts Ltd have traded between a low of $90.06 and a high of $203.63 and are now at $115.41, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.1%.

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