Wynn Casinos Short-Side Opportunity
The stock of luxury casino operator Wynn Resorts Ltd. (NASDAQ: WYNN) has seen some volatile swings over the past two months. After staging an impressive rally into mid July the stock ran out of steam in a big way as it traded lower with the rest of the market. Looking beyond the financials of […]
Taking Profits On WYNN Resorts (WYNN) Short
Following our short open on WYNN on June 7th, as discussed here http://www.investorplace.com/44545/stock-to-short-wynn-resorts-nasdaq-wynn/, we are taking full profits today at $132. I still see potential for WYNN to move lower and eventually to our discussed profit area near $130, however: The stock fell quicker than expected and prudent risk management here dictates we take profits, put […]
WYNN Retesting The H&S Neckline
WYNN is retesting its neckline now for resistance. if this can hold as resistance the next swing should be towards the final target of $90. we remain in half of our original short position after taking profits earlier this week