Wynn Resorts Makes a Move: Down 2.6%

Published on Wed, 02/06/2013 - 11:18
By Mallory Stone in Market movers, WYNN, market movers, nasdaq:wynn, wynn resorts

One of today's stocks on the move is Wynn Resorts (NASDAQ:WYNN), down 2.6% to $122.54. The S&P is trading fractionally lower to 1,509 and the Dow is trading 0.2% lower to 13,945.

There is potential upside of 13.4% for shares of Wynn Resorts based on a current price of $122.54 and an average consensus analyst price target of $138.92. The stock should discover initial support at its 50-day moving average (MA) of $117.09 and subsequent support at its 200-day MA of $110.21.

In the past 52 weeks, shares of Wynn Resorts have traded between a low of $90.11 and a high of $172.58 and are now at $122.54, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

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.

By Mallory Stone
mstone@fnno.com

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