pool adsWynn Resorts $WYNN Technical Update
The Wynn Resorts (NASDAQ: WYNN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for WYNN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 122.14 | 116.88 | 116.43 |
| P2 | 125.48 | 127.87 | 146.24 |
| P3 | 129.83 | 138.48 | 175.71 |
Support and Resistance Plot Chart for WYNN
Long Term Trading Plans for WYNN
October 3, 2018, 3:30 pm ET
The Technical Summary and Trading Plans for WYNN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this WYNN Report.
WYNN - (Long) Support Plan
Buy over 116.43 target 146.24 stop loss @ 116.17.
The technical summary data tells us to buy WYNN near 116.43 with an upside target of 146.24. This data also tells us to set a stop loss @ 116.17 to protect against excessive loss in case the stock begins to move against the trade. 116.43 is the first level of support below 128.835 , and by rule, any test of support is a buy signal. In this case, support 116.43 would be being tested, so a buy signal would exist.
WYNN - (Short) Resistance Plan
Short under 146.24 target 116.43 stop loss @ 146.5.
The technical summary data is suggesting a short of WYNN as it gets near 146.24 with a downside target of 116.43. We should have a stop loss in place at 146.5 though. 146.24 is the first level of resistance above 128.835, and by rule, any test of resistance is a short signal. In this case, if resistance 146.24 is being tested, so a short signal would exist.
