WYNN Surges to $132.77, Bulls Eye $140
Casino Giant $Wynn(WYNN)$ Surged Hits New 52-Week High, Bullish Momentum Accelerating
Latest Close Data
WYNN closed at $132.77 on December 2nd, gaining +3.18% (+$4.09) from previous close of $128.68.
Stock reached a new 52-week high of $134.72, representing a remarkable 103.4% gain from its 52-week low of $65.25.
Core Market Drivers
Gaming sector momentum continues as Wynn benefits from recovering Macau operations and strong Las Vegas performance.
Institutional capital flows show mixed signals with recent 5-day data indicating volatility but overall bullish sentiment persists.
Holiday season gaming demand and potential Chinese tourism recovery driving optimism.
Technical Analysis
Volume of 2.83M shares with 1.33x volume ratio indicates strong institutional interest.
MACD shows bullish crossover with DIF at 1.53 and positive histogram at 2.28, signaling accelerating upward momentum.
RSI(6) at 77.08 suggests overbought conditions but RSI(24) at 58.74 indicates room for further upside.
KDJ shows K-line at 79.23, confirming strong bullish trend.
Key Price Levels
Primary Support: $125.63 (previous resistance now support)
Immediate Pivot: $132.83 (resistance level)
Strong Resistance: $140.00 (psychological level aligning with analyst targets)
Valuation Perspective
Current P/E TTM at 28.94x slightly below Forward P/E of 28.30x, indicating earnings growth expectations.
P/S ratio of 1.94x appears reasonable for premium casino operator.
ROA of 5.58% demonstrates solid operational efficiency despite challenging ROE of -560.55% due to capital structure.
Analyst Targets
18 analysts covering WYNN with average target price of $140.86 (6.1% upside potential).
Strong institutional backing with 5 Strong Buy and 15 Buy recommendations.
Target range spans $112.50-$160.00, indicating broad bullish consensus.
Weekly Outlook
Expect continued momentum toward $140 resistance with potential consolidation in $130-$135 range.
Breakout above $135 could target $140-$145 zone. Key support at $125-$128 range should hold for bullish structure to remain intact.
Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance does not guarantee future results. Please conduct your own research before making investment decisions.
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