SSS - WYNN LSFB Set-Up Reverses off 50-dma/200-dma Confluence

Published : November 2 2011 at 12:54 ET

WYNN is bumping up against its 200-dma and 50-dma currently, and is potentially shortable here using those moving averages as upside guides for a stop on any short-sale position taken. WYNN is a potential Late-Stage Failed-Base (LSFB) tpe of set-up that also has the look of a head and shoulders formation. IF the general market loses traction today this will likely head lower. Remember to stick to your stops in any case...

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