$WYNN (Wynn Resorts Ltd - NASDAQ) it has been almost two months since WYNN made a new high but on Friday it officially broke out to new highs over 172.97 (double resistance). StockConsultant will provide all the details and analysis below.
- 1.38mil shares, +12.7% compared to typical daily volume over the past 6 months.
- Typical daily volume is 1.23mil shares over the past 6 months.
- CONFIRMED breakout above 172.97, no resistance in area just above.
- Type: True breakout from double resistance.
- Target: 182.1, 5.1% Stop: 169.56, Loss: 2.1%, Profit/Loss ratio: 2.4 : 1 - Good
Source: WYNN at StockConsultant
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.