Wynn Resorts (WYNN) Just Flashed Golden Cross Signal: Do You Buy?
WYNNWynn Resorts(WYNN) Zacks Investment Research·2024-02-27 23:56

Wynn Resorts, Limited (WYNN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, WYNN's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the ...