WYNN READY TO ROLL A 3I messed around with this for a while , it finally formed a diamond top, (not complete yet), Thomas Bukowski is the premier chartist in the world today. This seems to be a great short and a lousy bet long.
Bulkowski's Diamond Tops
Important Bull Market Results for Diamond Tops
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
Break even failure rate for up/down breakouts: 10%; 6%
Average rise/decline: 27%; 21%
Throwback/pullback rate: 59%; 57%
Percentage meeting price target for up/down breakouts: 69%; 76%
WYNN trade ideas
Neutral WYNN by selling Iron Condor July 140/145c, 115/110pWynn broke up and now I would see it going sideway for a while. I would like to setup the neutral position.
Position:
Short Iron condor: July -1x140/1x145 call, -1x115/110put
Premium: $1.4
PoP%: 64%
Target: $0.7 (50% of the premium).
Breakeven: $113.6 to $141.4
Wynn Resorts (WYNN) Trade Idea 4.25.2017With Wynn Resorts (WYNN) continuing a relatively strong uptrend its bullish reversal move on 2/27/2017, the ticker pulled back almost to a closeout point at its middle offset moving average.
But opportunity struck today with the only open risk remaining on earnings. The stock pulled a large momentum move as we scanned following our loss on Netflix (NFLX). We liked the less than $4 risk for the stock and were willing to take the gap risk on earnings giving us an overall proprietary rating of MODERATE based upon price to stop-loss, institutional sentiment, and the projections for the quarter. The main risk that has caused WYNN to be quite the volatile stock in the past couple of years is its Macau operation and the controversy that has since simmered.
We actually like Wynn for a long term investment due to the healthy dividend it pays and the constant purchases of stock by Steve Wynn himself since the company went public.
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$WYNN Has Bottomed - Buy Alert triggered for the 2nd time. NASDAQ:WYNN BotTrigger officiated a buy alert on WYNN in the $85 area and has since added with a secondary buy alert. Holding above this year long consolidation box is bullish. Everyone thinking WYNN needs to retest the mid 80s again can just forget about that notion. Probability suggests higher prices coming on this name. Long term players should appreciate the upside potential here
WYNNThe company is engaged in gambling in the Chinese province of Macau. Already repeatedly wrote that the main risk I see is in the Chinese market. And so it's a very promising action. At the moment a long bull pattern is formed in case of breakup you can open a position. The idea is for long-term investment