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
Visit our site for more on our approach to using market cycles to analyze stocks.
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.