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Actionable news in WYNN: Wynn Resorts, Limited,

Go For The 'Wynn'-Win Situation

Summary

The stock took a 75% dive to around $50 a share before violently doubling during the February market rally.

Wynn reports showed $1.06 billion in revenue for Q2.

Steve Wynn looks to spend over a billion dollars to build a man made water park in Las Vegas Desert.

You could argue that investing in Wynn (NASDAQ:WYNN) over the past year has been a wilder ride than sitting down at their VIP baccarat table with a cigar and drink in hand. The stock took a 75% dive to around $50 a share before violently doubling during the February market rally.

Since the flash rally (or probable short squeeze) WYNN has been sitting in a tight 17-week rectangular channel. From a technical perspective a break to the upside would imply an additional 30% of appreciation for this wild casino stock. The bull side is worth a look here.

Wynn operates casinos in both Macau and Las Vegas while being lead by iconic casino billionaire Steve Wynn. This guy has a knack for creating some of the most stunning casino hotel properties in existence today.

Here's a view of what he has going on in Las Vegas:

The Macau resort is stunning as well:

The Macau resort is stunning as well:

I highly recommend visiting a Wynn property if you haven't already.

I highly recommend visiting a Wynn property if you haven't already.

But as we know, investors are focused on...


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