WYNN up 3% after beating on earnings and revenue
Wynn Resorts (WYNN) announced earnings per share of $1.40, compared to the expectation of $1.36. It reported revenues of $1.69 billion versus $1.51 billion expected.
The stock is currently at its resting point, with our target for this Spring raised to $198, based on its short-term and intermediate-term cycle patterns.
This is a bullish cycle pattern, also based in part on the stock’s upward momentum.
This should see the stock take a breather soon, then move higher once more.
WYNN Stock Chart Based on Weekly Bars
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