WYNN / Wynn Resorts Ltd.
Posted: Monday Sep 26 2:00:55PM 2011
Results as of market close, Monday, Sep 26: Price: $136.78 Bias: negative Strength: 13/100 Trading below 50-day but above 200-day MA. 50-day is above 200-day MA. P&F bearish price objective: $110. RSI: 39.39, neutral. Full stochastics: 19.27, slightly oversold. MACD: bearish. Daily Candlestick Analysis: bearish. Shares dipped below the 200-day MA today before recovering. Buying at the 200-day MA (currently $133.76) has been a successful strategy since July 2009. Seasonally WYNN rises from the beginning of July until the end of September. Another period of strength begins in the last week of October and ends in the first week of January. Disclosure: I bought a small position today.
Posted: Tuesday Sep 13 9:13:37AM 2011
Results as of 11:17am ET, Tuesday, Sep 13: WYNN/NASDAQ Price: $149.91 Direction: Buy Strength: 27% WYNN is trading above its 200-day MA; and the 50-day MA is above the 200-day MA. The Point & Figure chart suggests a bullish price objective of $210. The safe trade is to buy at the 200-day MA (currently $131.xx) where WYNN has very solid support. Seasonally WYNN rises from the beginning of July until the end of September. Another period of strength begins in the last week of October and ends in the first week of January. Since Nov 1, 2002, WYNN shares have risen 1089%.