Wynn Resorts, Limited : A significant upswing
Entry price | Target | Stop-loss | Potential |
---|
US$214.63 |
US$0 |
US$198.7 |
-100% |
---|
The American casino resorts operator could show important gains in the ensuing sessions.
On a fundamental viewpoint, sales expectations for Wynn are encouraging as latest releases posted out a progression of 5.4% for the FY 2013, beating all analysts’ anticipations. Increases have been mainly made by operations hold in Macau Island, where the gaming sector has an enormous success. EPS for the last 12 months continues profiting from upward revisions for 2014 and 2015. Moreover, “Surperformance” rating on Wynn still positive for trading strategies.
Besides, technical patterns remain positive after the USD 202.8 support test. The 100-day moving average currently holding prices should avoid a decrease below the USD 202.8 support line. This push is meant to help prices approach the USD 247.9 resistance, level that represents our trading target. A stop loss is highly recommended below the support at USD 202.8
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