Chart Review: Luxury Retail Is Still In (COH and JWN), Casinos Not (WYNN)
Wynn Resorts, Limited (WYNN) almost seems like a car wreck moving in slow motion. I have followed the multiple breakdowns unfolding in WYNN over the past two months. Today’s 3.5% loss represents follow-through selling from another failed attempt to break through dual resistance at the 50 and 200-day moving averages (DMAs). The October low still … Read more