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PPR - Watch Wynn Resorts, Ltd. (WYNN) for Possible Pocket Pivot as 10-dma Catches Up

We like this very tight little five-day flag pattern that Wynn Resorts, Ltd. (WYNN) is building here. We would like to see the stock pause here a little longer, allowing the 10-day moving average, the pink line in the chart, to "catch up" to the price in order to set up a proper launch pad for a potential pocket pivot and/or breakout from this little flag. Keep a close eye on this one over the coming days. We will update when we see something actionable here, but hopefully by alerting you to this in anticipation of a possible set-up here you can act faster once it actually does occur.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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