The Hourly View for WYNN
Currently, WYNN’s price is up $0.51 (0.38%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
WYNN’s Technical Outlook on the Daily Chart
Currently, WYNN’s price is down $-2.45 (-1.81%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as WYNN has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Wynn Resorts Ltd’s price action over the past 90 days can be seen via the chart below.
For WYNN News Traders
Investors and traders in WYNN may be particularly interested in the following story that came out in the past day:
Wynn Resorts’ (WYNN) WynnBET is focusing on securing marketing collaborations with several high-profile sports franchises.
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The post Wynn Resorts Ltd (WYNN): Price Now Near $133.17; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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