We have heard of the crazy stories centered around the company WYNN Resorts over the last year. It finally seems the company is getting its act together and is starting to show signs of life. Of course, the traffic in Macau and Las Vegas matters greatly, but so do the desires and wants of Wall Street and retail traders. Things have been picking up for WYNN and people are starting to notice. The stock has been a stronger performer as of late, and could potentially be ‘coiling’ for a move to take place. I believe that the move will be to the upside. Of course it will depend on the broad market trend, but the trend has been good to the upside as of late. While there aren’t too many stocks that can move strongly that offer great upside value, this stock fits that profile perfectly. I think if WYNN and close above $135 and open above said level, it COULD trigger a fast breakout to the $150 range. Anything above that is just icing on the cake. Keep a close eye on WYNN and in the markets start to rally, you should be targeting this name sooner than later. 

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about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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