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Thursday, September 27, 2007 

WYNN fly like a Bird !!!!

Chart courtesy of stockcharts

Looking at the daily chart WYNN has been hitting higher highs and higher lows amongst strong RSI price points. In fact, the RSI is showing multiple points of overbought periods. The stock is has been on a bull market rally as K line has been on top of D line with stock trading above 50 day and 200 day moving average and MACD above 0. For the long term the stock should still continue to go up, however with this kind of Overbough conditions I prefer stay away for a better opportunity.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

That's All. Have a great evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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