Trade Idea - Wynn Resorts Ltd
Friday, February 08, 2008
( Yesterday close ) Chart courtesy of stockcharts

Wynn Resorts Ltd "WYNN" - The amplitude between the price highs and lows is narrowing in an ascending wedge, this is generally a bearish formation, and the technical expectation is for it to resolve to the down side. In addition the technical chart shows that Stochastcs is currently high, and the %K line has crossed below the %D, providing a sell signal. Keep an eye on her.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 11:13 AM | Permalink


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