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Wynn Resorts Ltd (WYNN) Approaches New Upside Target of $140.39

By Amy Schwartz

Shares of Wynn Resorts Ltd (NASDAQ:WYNN) have bullishly opened above the pivot of $135.49 today and have reached the first resistance level of $137.79. Investors may be interested in a cross of the next upside pivot targets of $140.39 and $145.29.

Wynn Resorts Ltd has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $212.12. The stock should run into initial resistance at its 50-day moving average (MA) of $151.61 and subsequent resistance at its 200-day MA of $170.03.

In the past 52 weeks, Wynn Resorts Ltd share prices have been bracketed by a current low of $0.00 and a high of $203.63 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wynn Resorts Ltd on June 5th, 2018 by issuing a Downtrend alert when the shares were trading at $179.68. Since that call, shares of Wynn Resorts Ltd have fallen 24.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts wynn resorts ltd

Ticker(s): WYNN