The bearish DailyPlay we chose for Thursday January 21th is Wynn Resorts (WYNN). WYNN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 9.45% move lower and it’s 1m and 6m trend turned bearish on 1/04 while breaking below its $77 support area on high volume.
Wynn Resorts’s 1m and 6m trends turned bearish on 1/07 and recently bounced lower off its $60 resistance level. With a technical score of 2 (out of 10), WYNN looks positioned to continue this strong bearish trend lower.