Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 35.69% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $2.63 would be kept by the premium seller. The risk of $7.37 would be incurred if the stock rose above the $125.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Wynn is bullish and the probability of a rise 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 at 33.18 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Wynn
DraftKings, MGM, Other Gaming Stocks Rise As New York Gov. Cuomo Eyes Legalizing Online Sports Betting
Wed, 06 Jan 2021 21:46:02 +0000
DraftKings and other gaming stocks got a boost Wednesday as New York Gov. Andrew Cuomo seems closer to allowing online sports betting in the state.
Casino Stocks Could Make a Comeback
Wed, 30 Dec 2020 17:03:00 +0000
Macquarie analyst Chad Beynon sees positive signs about the outlook for visitor traffic, while Jefferies’ David Katz said opposition to gambling among ESG investors may be fading.
‘You’re going to see thousands of hotels go out of business:’ AHLA CEO on need for immediate assistance
Thu, 17 Dec 2020 20:02:05 +0000
Yahoo Finance’s Alexis Christoforous and Chip Rogers, President and CEO of AHLA, discuss the COVID-19 impact on the hotel industry.
Biden campaign made decisions on ‘probability’ of a polling error: Annie Duke
Thu, 17 Dec 2020 10:00:00 +0000
Former professional poker player Annie Duke joins ‘Influencers with Andy Serwer' to break down Joe Biden's successful presidential campaign.
Influencers with Andy Serwer: Annie Duke
Thu, 17 Dec 2020 09:00:00 +0000
In this episode of Influencers, Andy is joined by ‘How to Decide’ author, Annie Duke, as they discuss her time as a professional poker player and how she’s using her experience to fix some of the most common mistakes in the business world.
Also on Market Tamer…
Follow Us on Facebook