Wynn Resorts (WYNN) may be setting up for a pocket pivot buy point today as it moves up off its 10-day moving average. Volume is currently on track to exceed that of the largest down-volume day in the pattern on September 7th, as we see on the daily chart below. We would look for WYNN to pocket pivot off the 10-day moving average, perhaps preceding a new-high breakout in the stock. We have a position in the stock in anticipation of this, and would look to double up if the pocket pivot pans out.
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