Wynn Resorts (WYNN) NewsBite - WYNN Could Be On the Move

Posted: Monday, November 23, 2009 10:27 AM EDT

Wynn Resorts (WYNN) could be on the move today and is now at $64.86, up $0.98 (1.53%) on volume of 490,678 shares traded. Over the last 52 weeks the stock has ranged from a low of $14.50 to a high of $74.90. WYNN was covered in a Vic Wisemann report today. To read the report, and find out what Vic thinks about the volatile casino sector, go to www.marketintelligencecenter.com/vw112309 . Wynn Resorts stock has been showing support around $61.83 and resistance in the $66.23 range. Technical indicators for the stock are neutral and S&P gives WYNN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WYNN the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

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