Wynn (WYNN) Offering Possible 21.36% Return Over the Next 21 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 21.36% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $105.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Wynn is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 36.05 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Wynn

BRIEF-Genting Updates On Material Litigation With Wynn Resorts Holdings
Wed, 26 Dec 2018 11:48:02 +0000
Dec 26 (Reuters) – Genting Bhd: * GENTING BHD SAYS NOTIFIED THAT WYNN RESORTS HOLDINGS FILED COMPLAINT AGAINST UNIT RESORTS WORLD LAS VEGAS Source ( https://bit.ly/2GE9lw7 ) Further company coverage:

Wynn Resorts Has a Tourist Problem
Sat, 22 Dec 2018 12:36:00 +0000
A UBS analyst warns of a looming VIP gambling slowdown in Macau, which would spell particular trouble for the casino resort operator.

Fight over report on Wynn allegations back in court Jan. 4
Thu, 20 Dec 2018 21:33:13 +0000
The fight over a Massachusetts Gaming Commission report on allegations of sexual misconduct against former casino mogul Steve Wynn will be back in a Nevada courtroom next month. Clark County District Judge Elizabeth Gonzalez on Thursday set a Jan. 4 court hearing on whether to extend an order blocking the report's release. It details an investigation into how Wynn Resorts handled the allegations and could affect whether the company keeps a gambling license for a $2 billion casino and hotel set to open near Boston in June.

See what the IHS Markit Score report has to say about Wynn Resorts Ltd.
Thu, 20 Dec 2018 13:06:27 +0000
Wynn Resorts Ltd NASDAQ/NGS:WYNN

Chairman: Wynn Resorts board may appear before regulators
Wed, 19 Dec 2018 20:48:14 +0000
The chairman of the Wynn Resorts board of directors said he asked the company's CEO and full board to appear before the Massachusetts Gaming Commission when it considers whether to grant the company a gambling license for a $2 billion casino and hotel set to open near Boston next year. Board Chairman Phil Satre made the comments in an interview with the Las Vegas Review Journal published Wednesday. The licensing decision is on hold pending a lawsuit by former CEO and Chairman Steve Wynn to block the release of the commission's report into sexual misconduct allegations against him.

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