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Wynn Resorts, Limited

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WYNN trade ideas

Wynn Resorts (WYNN) A Harmonic gamble ??In early December WYNN was down nearly 50% from its high last year. Wynn Resorts has been one of the poster children of COVID related economic victims. A recent 23% drop, recovery and rally from a higher low suggests a possible short term bottom is in. This Gartley is a developing pattern and as such has a lower success rate than if it were fully developed. Let this get a head of stream and a suggested entry is above the $84 area. A potential target reversal area for a fully Gartley is marked. As suggested, there is a 1.6x risk/reward ratio. Always watch and go with the direction of general markets with particular emphasis to COVID case numbers, trends and restrictions. Do your own due diligence . This is educational not investment advice. S.
NASDAQ:WYNNLong
by Steve666
3
$WYNN IdeaWynn Resorts Ltd. is an American corporation that is a developer and operator of high-end hotels and casinos. Founded in 2002 by Stephen Wynn, former Chairman and CEO of Mirage Resorts. Manages two hotels in Las Vegas, three in Macau and one in Boston, Massachusetts. Based in Paradise, Nevada. Capitalization of $10.9 billion. Yesterday we approached the daily resistance level ($98) on long candles, rolled back at the close of the session, forming a shadow from above + on the premarket we approached the next resistance level. Entry with the expectation of a false breakout, stop for $ 100. Take 3%. NOT IRR.
NASDAQ:WYNNLong
by Trader_Ivankov
Pull Back FishingBad news event causing a gap down 2 days in a row. Eventually WYNN will hit a bottom. Yearly low is 67.70. I like this stock and I am wondering if perhaps there has been a bit of an over-reaction to the news? Once this finds a bottom, hopefully there will be some consolidation which I do not see as of yet. Rarely would price gap down to this extent then come shooting back up. Getting off the bottom or recovering from a gap down can be a long painful process for some securities. I haven't looked today at all of the casino stocks, but I did glance at LVS and it is not far from hitting a 3 year low. Just glanced, but possible Double bottom for LVS with a green candle today. It can be awfully dark down here at the bottom, and bear flags may try to get you on the way back up as well as cats bouncing on you. LOL A dead cat bounce occurs after a significant gap down. Most often there is a downtrend preceding the gap down. During a dead cat bounce, price will bounce up possibly due to folks hoping they bought at a low price, but is short lived, as those who are stuck in the security, sell during the bounce, which causes another decline. A bear flag slopes up as a rule in opposition to the current downtrend. It represents a rather short rally up that once again, causes a price decline. There will be a pole, but bear flags occur after a sharp move down and the pole length can be used to get targets to the downside. But just as bull flags can break to the downside, a bear flag can break to the upside. Trading bottoms can be rewarding, but can also be hazardous to you mental health. Patience can pay off when one does diving, waiting for a sign that price has truly bottomed. No recommendation.
NASDAQ:WYNN
by lauralea
6
Gambling on WYNN?WYNN is now approaching a VERY important level right now at the 50 fib line. Using the pandemic low as the anchor and this year's high, some important levels have begun to reveal themselves. Right now the 50 fib sits right around $90 (about $1 off Wednesday's level). With new Delta data coming out, people seem a bit skittish about travel and leisure. So where to go from here? Upcoming earnings are near-term potential catalysts, meanwhile, it's still a bit up in the air which way the wind will blow when it comes to potential lockdowns/ restrictions, etc. If you look at what the outlook seemed to be earlier in the year before the Delta data started flowing, optimism was apparent: Travel Pulse recently shared findings from a survey of more than 5,800 respondents. Here are some of the findings: -61% feel hopeful about travel in 2021, of whom 83% will take two or more domestic trips, and 44% plan for two or more international getaways. -Approximately 83 % of hopeful respondents plan to take at least two domestic trips, and about half as many (44%) are targeting two or more international getaways in 2021. -More than one-third of respondents (35%) indicated the importance of face mask requirements. When you factor in the outlook for the hotel industry, prospects appear brighter than some may think. The American Hotel & Lodging Association expects a few key hot points to lead growth: Hotel occupancy in the United States for 2021 is expected to average 52.5%, up from 44% in 2020. Occupancy rates are projected to rebound more significantly in 2022, reaching 61.4%. Hotel room revenue is expected to climb from $85 billion last year to $110 billion this year Business travelers are expected to be a driving force for a return to leisure travel. Early aspects and Read More: Looking For Penny Stocks To Buy Now? 5 Travel & Hotel Stocks To Watch
NASDAQ:WYNN
by PennyStocks101
3
WYNN, TIME TO BUY!Hello fellow traders and investors, WYNN has recently been selling off and it looks like it's found a support around the 100$ area. It offers a 35% ROI if it makes a recovery to the take profit area. Entry: Now Take Profit: ~137$ Stop Loss: ~97.50$ Technicals: -RSI=Oversold -Moving averages still indicating a downtrend -Testing a support area Fundamentals: -Description: Wynn Resorts Ltd . is a holding company, which engages in the design, development, and operation of destination casino resorts. - Market Cap: 12.25B - Sales Last 12 Months: 1.87B - P/E: X - P/S: 6.56 - Debt/Equity: 51 - Sales growth Q/Q: -24% - EPS growth Q/Q: 33% - Profit Margin: X - Short Float: 6.19% Note: Some of Wynn's financials aren't typical like their debt/equity, their profit margin and their P/S caused by the recent pandemic. If you enjoyed the analysis make sure to like and follow for more! Thanks!
NASDAQ:WYNNLong
by UnknownUnicorn11084119
5
Trades - Short term ($HES, $WYNN, $RCL - $IWM market outlook)I give up, trading privately sucks, I want to display my artistic talent and the trade along with it. Its better personally for me to share my ideas, I am a lot more disciplined and focused that way. All I have is 24 hours, Damn. Other binary option position I have from last week, $ADSK short, $NFLX short. From 2 weeks, $CVS long, $CAT long. Others are played out or expiring soon. So, no use revealing. Will try to keep this habit of issuing new stock picks from my scan like the Covid peak times.
NASDAQ:WYNNLong
by UDAY_C_Santhakumar
RectanglePrice appears to be in a rectangle which is a neutral pattern until a trendline is broken with a trend in that direction. One may see this as a double top and multiple bottoms. I suppose it depends on how you look at it. A rectangle is a horizontal trading range and is considered a consolidation pattern. This one is close to the top so it may be called a rectangle top. You can take the width of the triangle and project that width up or down to compute possible targets. This can go either way but folks do swing trade inside. Swing trading inside can be hazardous to your health as there is no way to know if there will be a partial rise or a partial decline. No recommendation
NASDAQ:WYNN
by lauralea
2