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WYNN (Wynn Resorts Ltd) Officially Breaks Out To New Highs

|Includes: Wynn Resorts, Limited (WYNN)

$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.

VOLUME

  • 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.

BREAKOUT

  • 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

WYNN breakout stock chart provided by StockConsultant.com

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.