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Wynn Resorts Ltd Set to Possibly Rebound After Yesterday's Selloff of 4.18%

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $114.29 to a high of $116.87. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $119.19 on volume of 207,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Wynn Resorts Ltd have traded between a low of $82.51 and a high of $147.50 and are now at $114.40, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: rebounders wynn resorts ltd

Ticker(s): WYNN