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Upgrade Alert for Wynn Resorts (WYNN)
[February 01, 2013]

Upgrade Alert for Wynn Resorts (WYNN)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Wynn Resorts (NASDAQ:WYNN) was upgraded from Neutral to Buy at Janney Montgomery today. The stock closed yesterday at $125.22 on volume of 3.2 million shares, above average daily volume of 1.2 million. In the past 52 weeks, shares of Wynn Resorts have traded between a low of $90.11 and a high of $172.58 and closed yesterday at $125.22, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Wynn Resorts (NASDAQ:WYNN) has potential upside of 6.1% based on a current price of $125.22 and analysts' consensus price target of $132.92. The stock should find initial support at its 50-day moving average (MA) of $115.97 and further support at its 200-day MA of $110.21.

Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships.


SmarTrend recommended that subscribers consider buying shares of Wynn Resorts on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.93. Since that recommendation, shares of Wynn Resorts have risen 11.9%. We continue to monitor WYNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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