See how the Descending Triangle is playing out for WYNN. View live chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Traders are watching Wynn Resorts (WYNN) as price action tightens. The stock is trading at $102.03, down 0.56% on the day. The primary technical feature is a Descending Triangle formation. Volume is average (0.74x avg) with moderate trend strength (6.4). A potential breakout level is identified at $96.14, targeting $76.75 with support near $105.42 (R:R 2.09).
What is your outlook on WYNN?