Wynn Resorts WYNN Rolled over after earnings - downside targets

217 1 4
WYNN had a decent rally after earnings to squeeze out the short sellers that were leaning on it due to lowered guidance over the past few months. Note how WYNN has lifted above key resistance from the past two earnings releases at 206.50 and 209.00 (green lines to the right of the EPS             triangle) and yet once again has rolled over under the latest earnings release at 213. So, I may be jumping the gun here but given this setup and the weak revenues in Macau leading to potentially lower future earnings estimates, but the trade has reasonable risk/reward parameters. 190 target (down 19 pts) versus risk (up 4 pts) for a ratio that is nearly 5:1.

The Range Movement line is not strongly down, but still in a downtrend since it hasn't hit a 2-month high.


3:42PM EST 8/5/2014

Stop 215
Target <190
Last 208.77 bid
3:36PM EST 8/5/2014 Tuesday
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Is 3 days test of a hidden level a sign to see a direction change? also, a hidden level on earnings - do you take it from 2 days , before and after earnings?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out