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Another Stock Showing Strong Distribution: WYNN

|Includes:Wynn Resorts, Limited (WYNN)

WYNN was on the long list for quite some time, but has now reversed and is the perfect short setup. A bear flag has formed, with volume that's showing distribution. Many like to wait for price to breakdown out of the flag pattern. I prefer to enter early, when price is at the to of the range.Click to enlarge

 

Stocks: WYNN