Rochester, NY 8/20/2009 5:31:47 PM
Wynn Resorts Ltd. WYNN - Wynn Resorts Announces its Earnings Moves Up
Wynn Resorts Ltd. WYNN
Wynn Resorts announced its earnings move up last Tuesday and is now at $54.56, up $1.67 (3.15%) on volume of 996,071 shares traded. It hit a 52 weeks the stock has ranged from a low of $14.50 in March to a high of $107.26 in September of last year. The company stock continues to get better performance.
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Wynn Resorts stock has been showing support around $51.46 and resistance in the $55.46 range. Technical indicators for the stock are bearish and S&P gives WYNN a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on WYNN the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 40 range.
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