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Wynn Resorts Ltd Set to Possibly Pullback After Yesterday's Rally of 5.37%

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $107.82 to a high of $111.92. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $108.30 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wynn Resorts Ltd share prices have moved between a 52-week high of $197.68 and a 52-week low of $90.06 and are now trading 24% above that low price at $111.76 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 2.2%.

SmarTrend is tracking the current trend status for Wynn Resorts Ltd and will alert subscribers who have WYNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN