Wynn Resorts (WYNN) Beats Earnings: Look For Pause, Then Higher

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.

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This should see the stock take a breather soon, then move higher once more.


WYNN Stock Chart Based on Weekly Bars

wynn stock chart forecast price analysis_investing news_january 22

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


Twitter:  @askslim

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.