Shares of Wynn Resorts Under Pressure, Down 2.5%

Published on Tue, 05/26/2015 - 11:30
By Peter Chu in Market movers, WYNN, market movers, nasdaq:wynn, wynn resorts

One of today's notable stocks in decline is Wynn Resorts (NASDAQ:WYNN), down 2.5% to $103.92. The S&P is currently trading 0.9% lower to 2,106 and the Dow Jones Industrial Average is trading 1.0% lower to 18,054.

There is potential upside of 29.3% for shares of Wynn Resorts based on a current price of $103.92 and an average consensus analyst price target of $134.35. The stock should find initial resistance at its 50-day moving average (MA) of $122.38 and further resistance at its 200-day MA of $157.07.

Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships.

In the past 52 weeks, Wynn Resorts share prices have been bracketed by a current low of $103.75 and a high of $220.50 and are now at $103.92. The 200-day and 50-day moving averages have moved 1.6% lower and 1.87% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com

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