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After Yesterday's Decline of 2.36%, Wynn Resorts Ltd Offers Investors Better Value

By Shiri Gupta

Wynn Resorts Ltd (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $75.81 to a high of $79.87. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $81.21 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Wynn Resorts Ltd have traded between a low of $35.84 and a high of $153.41 and are now at $76.78, which is 114% above that low price. The 200-day and 50-day moving averages have moved 0.75% lower and 1.99% lower over the past week, respectively.

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