W1YN34 trade ideas
Wynn Resorts WYNN - Daily to 2008 - Bloated Valuation target 160Wynn Resorts - WYNN - Daily chart shows a large 12-fold+ return from the lows in 2009 to the blow off peak in 2014. Investors have oscillated between paying under 1.9x's sales for WYNN, highlighted in bright green, and 3.7x's sales, highlighted in brilliant red.
Note that margins are on a cyclical peak and optimism abounds for the future of WYNN since it has a premium valuation.
You could make a technical case, like the time in 2011 that it is tracing out a distribution pattern, often-times remarked as a "head & shoulders pattern". Perhaps under the surface there has been a lack of new buying and perhaps some "smart money" is unloading shares up here to take advantage of these PREMIUM prices.
The headlines are seemingly bullish, with strong growth in revenues, but they have come up short of high expectations. I think that is what investors should expect in WYNN going forward - more "digestion" and sideways to lower price action until you catch up to the lower green band traveling across the chart at the 160-100 level and rising at about 10-15% a year.
WYNN 208.73 last -9.29 -4.26% today after 9% sales growth in Macau.
Strategy, sell short above today's high in tomorrow's trading. Risk 225. Target 188 initially.
Tim 2:21PM EST June 3, 2014
Bears in controlLooks to be confirmed today. Below 50 MA, old double top breakout and recent trend .
Too late for Entry? T TFor stock entry gonna be possible to entry but for options trader, I think it too late T T
My chart doesnt like the gambling business. Here's why.This chart explains clearly why i short this stock. Chinese gambling business can also be played with China's fundamentals, GDP, growth ect.. which i actually do most of the time.
Getting Hot In Here No Doubt$LDK A collection of solar names being tossed around the media channels. $LDK leads the charge. This story was just breaking and it gives us all a chance to name the names. Solar is one of those baskets, when you are on the right side of this trade, and I mean really the right side of the trade it gets pretty raucous ( I think that is how you spell raucous). Sincerely, Beauty. PS Hey, tell everybody you know to come visit TradingView and talk charts, author ideas, learn the markets and chat in Talks.
Waiting In The LobbyThe hoteliers are an industry/sector I get tons of data from about style, travel, country fascination, architecture. Pretty annoyed however by the fact there is no time announced for their earnings. I will have a live squawk on! Sincerely, Beauty (( Chat Post: The time has not been announced from my sources but earnings is expected tomorrow sometime. The move of July 11, 2013 has retraced to rest on the the 50% line. Just sitting there. ))
