Wynn Resorts $WYNN is Weak on a Midterm Basis, Shown in Charts and Graphs
Wynn Resorts (NASDAQ: WYNN) is Weak on a Midterm Basis, Shown in Charts and Graphs below. Important: Update this report regularly because the data changes when prices change.
Review the Trading Plans:
Long Term Trading Plans for WYNN
July 12, 2018, 1:36 pm ET
The technical Summary and associated Trading Plans for WYNN listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for WYNN. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
WYNN - (Long) Support Plan
Buy over 162.74 target 187.20 stop loss @ 162.48.
The technical summary data tells us to buy WYNN near 162.74 with an upside target of 187.20. This data also tells us to set a stop loss @ 162.48 to protect against excessive loss in case the stock begins to move against the trade. 162.74 is the first level of support below 164.664 , and by rule, any test of support is a buy signal. In this case, support 162.74 would be being tested, so a buy signal would exist.
WYNN - (Short) Resistance Plan
Short under 187.20 target 162.74 stop loss @ 187.46.
The technical summary data is suggesting a short of WYNN as it gets near 187.20 with a downside target of 162.74. We should have a stop loss in place at 187.46 though. 187.20 is the first level of resistance above 164.664, and by rule, any test of resistance is a short signal. In this case, if resistance 187.20 is being tested, so a short signal would exist.