Wynn Resorts (WYNN) rises over 4%… currently trading up 2% with an hour until Tuesday’s close.
WYNN shares are moving higher today after bullish analysis of macro prospects by Sanford Bernstein.
Looking at the chart below, the stock price is in our target zone, which is based on Fibonacci extensions. The shares could trade up to 175 in the near-term if the market doesn’t pullback to quickly.
Note that we highlighted positive cycle patterns in a note to subscribers on 12/7/17. Visit our site for more Cycle Analysis and Stock Picks.
Wynn Resorts Stock Chart
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.