Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $102.00 short call and a strike $107.00 long call offers a potential 32.63% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $102.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock rose above the $107.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Wynn is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Wynn is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Wynn
Wynn Resorts (WYNN) Hits 52-Week Low on Macau Slump – Analyst Blog
Tue, 02 Jun 2015 13:30:01 GMT
The 52-Week Low Club for Monday
Mon, 01 Jun 2015 20:04:50 GMT
24/7 Wall St. – June 1, 2015: Here are four stocks among the 91 equities making new 52-week lows today. Peabody Energy Corp. (NYSE: BTU) dropped 7.7% on Monday to post a new 52-week low of $3.12 after closing at $3.38 …
6:57 am Macau Gaming Inspection and Coordination Bureau reports May gross gaming rev -37% YoY
Mon, 01 Jun 2015 10:57:00 GMT
TABLE-Macau casinos 2015 monthly gross revenue
Mon, 01 Jun 2015 06:28:21 GMT
Macau Gaming Set to Decline Nearly 30% this Year
Fri, 29 May 2015 20:30:00 GMT
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