Wynn Resorts Limited (NASDAQ:) is setting up as a low-risk buy. Solid support is in place near $120.00. The stock has been consolidating in a narrow range since mid-February. WYNN is far from overbought, with the daily MACD sitting near neutral. A close below $119.00 would be a clear warning sign. A close above last week’s high could spring it.
Note: We have no position.
You can ready Gary S. Morrow’s original post here.
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