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WYNN Continues to Exhibit Bullish Technical Behavior


Thursday June 1st, 2017
WYNN Continues to Exhibit Bullish Technical Behavior
by Mike Paulenoff www.MPTrader.com

Wynn Resorts Ltd. (WYNN) certainly is a chart set-up that keeps on giving.

Today's thrust represents a breakaway up-gap initiation of a new upleg that points next to 138.30/60, and then towards a challenge of the upper-boundary line of WYNN's 16-month bullish channel, which cuts across the price axis in the vicinity of 141.70.

Let's notice that WYNN hit its first upside projection off of its March breakout above 105, at its April high of 127.20, and then remained range-bound between 127.50 and 120.50 until today’s thrust to new highs... Last is 134.24/25

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