01/27/2015 – Wynn Resorts
- January 27, 2015
- Wynn Resorts
Wynn Resorts:
1. In recent Williams edge stock meetings it was noted that Wynn Resorts could be bought at $146 for an advance to $152/$53 into early February.
2. Last week’s (week of Jan. 19) weekly close in Wynn resorts was at $146.01. This week Wynn resorts advanced to a swing high of $157.75 (so far), completing the $152/$53 upside profit target.
3. Any remaining long position from last week’s close should be protected with a Sell stop at $149.90. The stop will be moved higher as the market continues to confirm. Further upside targets will be messaged in a subsequent update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.