The Casino and Gambling Industry took a hit in
yesterdays market, so it's no surprise that Wynn Resorts (NASDAQ: WYNN) had a down
day. This down day has presented a nice
set up for this strong stock. Let's take a look at the 6 month
daily bars chart below.
WYNN has been up
trending for quite some time now. The stock has recently been in consolidation mode with support
at 75 and resistance at 80, likely taking a break before going higher. The 75 support combined with
the support of the near by up trend line presents a great risk to reward
opportunity.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time.
SwingTrades.com offers Swing & Day Trading Strategies for the full or part-time trader.
Ken Matsumato, who succesfully runs the Swingtrades, is one of the most consistently profitable traders, often recording gains month after month. As of now, he is averaging 36.02% profit per month with Day Trading and 10.77% with Swing Trading Systems!
» Go here to learn more...
| 
[ 
Dan Zanger Offers 3 week FREE trial!
