Ya, this looks like a decent spot to go long, next support is at $160 if it drops below the 50MA in my opinion.
In fact, I just got in at $167.259, good luck to me. Targeting $200 for a 20% gain, set my stop at $157.75 which would be a 5.73% loss. Risk/Reward ratio is 3.49
Well, in hindsight this was probably a dumb trade. All articles coming out will be bearish, and no bottom is clear for this dip. Glad it was only a small position though.
Steve Wynn resigns as CEO of Wynn Resorts amid sexual misconduct allegations https://www.marketwatch.com/story/steve-wynn-resigns-as-ceo-of-wynn-resorts-2018-02-06
Who would have guessed that Steve Wynn being at the office or not has no effect on the profits made at the Casino!
Steve Wynn no longer has stock in Wynn Resorts Source: https://www.cnbc.com/2018/03/23/the...wynn-no-longer-has-stock-in-wynn-resorts.html Up 5% pre-market
Was not paying attention to the market Thursday and Friday because I was getting LASIK and missed selling at my target of $200/share. Currently off from my target by about 5%.