Wynn (WYNN) Offering Possible 31.41% Return Over the Next 35 Calendar Days

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Wynn’s most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $185.00 short call and a strike $195.00 long call offers a potential 31.41% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $2.39 would be kept by the premium seller. The risk of $7.61 would be incurred if the stock rose above the $195.00 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 26.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Wynn

Lawsuit accuses Wynn Resorts of fraud in Everett land deal
Wed, 13 Jun 2018 16:45:59 +0000
The complaint stems from the casino giant’s 2014 deal to acquire the 33-acre site, where it is now building the Encore Boston Harbor resort.

Authorities across Asia battle illegal gambling surge ahead of World Cup
Mon, 11 Jun 2018 07:44:53 +0000
Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don’t have legal betting alternatives, gambling industry experts say.

Macau clamps down on use of UnionPay cards to dodge currency controls
Thu, 07 Jun 2018 03:24:27 +0000
Authorities in Macau, the world’s biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China’s latest move to clamp down on illicit capital outflows. The announcement from Macau’s monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such “illegal acts”. The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.

Wynn Resorts (WYNN) Declines on Disappointing Macau Sales
Wed, 06 Jun 2018 20:36:08 +0000
Wynn Resorts (WYNN), which generates a solid share of its revenues from Macau resorts, declines sharply in the past two trading sessions due to soft gambling revenues from the Macau region.

Wynn Resorts Appoints First Chief Sustainability Officer
Wed, 06 Jun 2018 17:38:00 +0000
LAS VEGAS, June 6, 2018 /PRNewswire/ — Wynn Resorts announced today the appointment of Erik Hansen as the company’s first Chief Sustainability Officer. In this newly-created role, Hansen is responsible for the development of the company’s global sustainability strategy and energy procurement goals. “Erik has proven to be a visionary as we continue to deepen our company’s sustainability strategy and make monumental moves towards taking control of our energy future,” said Kim Sinatra, EVP and General Counsel for Wynn Resorts.

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