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Wynn Resorts (WYNN) Approaches New Downside Target of $119.63

By Nick Russo

Wynn Resorts (NASDAQ:WYNN) has opened bearishly below the pivot of $123.89 today and has reached the first level of support at $121.12. Investors may be interested in a cross of the next downside pivot targets of $119.63 and $115.37.

In the past 52 weeks, shares of Wynn Resorts have traded between the current low of $0.00 and a high of $136.93 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.24% lower and 1.19% higher over the past week, respectively.

Wynn Resorts (NASDAQ:WYNN) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $106.06. Wynn Resorts shares should first meet resistance at the 200-day moving average (MA) of $76.19 and find additional resistance at the 50-day MA of $91.00.

SmarTrend recommended that subscribers consider buying shares of Wynn Resorts on March 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.67. Since that recommendation, shares of Wynn Resorts have risen 20.6%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts wynn resorts

Ticker(s): WYNN