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Wynn Resorts Ltd (WYNN) Approaches New Upside Target of $110.47

By Amy Schwartz

Shares of Wynn Resorts Ltd (NASDAQ:WYNN) opened today above their pivot of $106.10 and have already reached the first level of resistance at $108.26. Investors may be interested in a cross of the next upside pivot targets of $110.47 and $114.84.

Over the past year, Wynn Resorts Ltd has traded in a range of $90.06 to $197.68 and is now at $106.06, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has risen 0.2%.

Potential upside of 100.0% exists for Wynn Resorts Ltd, based on a current level of $106.06 and analysts' average consensus price target of $212.12. The stock should run into initial resistance at its 50-day moving average (MA) of $110.16 and subsequent resistance at its 200-day MA of $121.31.

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: pivot alerts wynn resorts ltd

Ticker(s): WYNN