Stock Chart Analysis WYNN

Posted by downtowntrader | 8/01/2007 11:14:00 PM | 0 comments »

Stock Chart Analysis WYNN

Wynn Resorts, Limited (Public, NASDAQ:WYNN)

WYNN is another NDX component that I found interesting. There are others like RIMM and AMZN that have shown to be very strong, but they are extended at this time and don't offer good risk / reward setups. It may be a little early on WYNN but I am highlighting them because it appears the markets may follow through on todays late day strength. With WYNN closing in on trend line resistance it's possible that WYNN may offer a nice quick trade. A warning though, one of the reasons I am looking at WYNN is a possible pre earnings run and the release is due Monday afternoon. So, there is only a small window for this play to work for my strategy.

Good Trading,


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