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July 2nd

Wynn Resorts is a Winner

posted in Wynn Resorts (WYNN) |

Wynn Resorts (WYNN) dropped below $87.50 support levels quite recently, but it looks like the company may have bottomed out in the short term. WYNN has been punished quite recently as the entertainment/casino company has suffered directly from economic worries on Wall Street. The RSI and stock charts both show a clear reversal and uptrend from recent declines. Earnings and the general future outlook should continue to be strong for the company, especially alongside Macau’s casino growth.

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This entry was posted on Monday, July 2nd, 2007 at 4:38 am and is filed under Wynn Resorts (WYNN). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There is currently one response to “Wynn Resorts is a Winner”

  1. 1 On August 7th, 2007, Wynn Resorts has Returned 31% Since Recommendation on MarketMatador.com | Market Matador said:

    […] at about $89.65 per share. The reversal in confidence and sudden strength in share prices prompted the article. Now, Wynn Resorts is trading at around $118 per share on incredible earnings strength. Much of the […]

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