Wynn Short Update #2I been using this stock as hedge for market downturn for the last few weeks and it's already paid out multiple times.
it's looking ready to reject again. good risk/reward short here with a $3 stoploss.
WYNN trade ideas
WYNNWynn. Nice setup, especially if it breaks above trend. Stop would be today’s low (middle red straight line)
$WYNN Looking to break out #CallsReady to break 200MA and descending wedge. RSI & MFI showing nice up trend-line support. Stochastic oversold. $WYNN
Wynn Shortthey had bad earnings # and apparently the hospitality industry isn't doing that well.
if we get some more bad news or economic slow down. this could be a nice stock to take down.
WYNNSome levels for WYNN.
Yellow are solid levels for a solid mid term trade.
Greens are solid, but the teals below are more enticing. Could go on a solid run off the greens though.
Teal are the strongest levels for long term trade.
up up upthe one in Macao in not so good
the one in las vegas in earning
they have cash
the have debt
the earn on gambling
but the cash flow is good
let's try to earn a couple of dollars
$WYNN a gamble into earnings.Possible Entry $130 = Target price $141
Risky to enter a long while below the downtrend, very bullish above the trend-line.
Expectations and sentiment are very low on the street, any surprise could result in a sizable rally.
RSI is hitting resistance as is the price.
MACD in strong trajectory.
P/E 16.44
Yield 3.16%
Company profile
Wynn Resorts Ltd. operates as a holding company, which engages in the development, ownership and operation of destination casino resorts. It operates through the following segments: Wynn Macau, Wynn Palace and Las Vegas Operations. The Las Vegas Operations segment covers Wynn Las Vegas and Encore. The company was founded by Stephen Alan Wynn, Elaine P. Wynn and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.
Good Solid Investment or Swing TradeThis setup has the 20 crossing the 50 ema, and the price crossing above the 180....nice stet-up for swing traders, from a good solid company with expected forward growth and a nice dividend yield; I like it!
"For Bristol-Myers, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.38%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Bristol-Myers will most likely beat the consensus EPS estimate." (Zacks)
75% Revenue from China - Wynn Resorts75% of WYNN revenue has exposure to China.
With the recent political news we are getting on "partial trade-deal", WYNN is up over 7% with above average volume.
Could be a good opportunity. Great risk reward ratio. (Check chart).
$WYNN Possible short on this gap read comments belowThe daily chart looks like hell was on a 5 day skid before yesterday then a gap up today Will be interesting to see if it holds up
Great possible 20%+ Return on Wynn Wynn has been oversold on a horizontal trend. Great chance to buy for a possible 20% return in the next 3 months.
Wynn in the near-term will be a short WinYo dude, don't long this, or long this and be forced to sell your soul real soon.
WYNN reversed from resistance, potential drop!
WYNN reversed off its resistance at 139.84 where it could potentially drop further to 127.95.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
WYNN potential reversal!
WYNN expected to rise up to 1st resistance at 143.67 where it could potentially react off and drop down to 1st support at 134.83.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
WYNN reversed from resistance, potential drop!
WYNN reversed off its resistance at 133.82 where it could potentially drop further to 124.92.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
$WYNN Not ready yet but 134.50 would be huge Watch this level in the next few days That is a nice chart
WYNN reversed from resistance, potential drop!
WYNN reversed off its resistance at 133.36 where it could potentially drop further to 124.92.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
