Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Monday, October 11, 2010

WYNN

WYNN had a failed breakout attempt in September, then pulled back to the 50dma before making another attempt. I don't lke breakouts that fail while the rest of the market is rallying, it shows weakness at a time when it should be strong. CMF isn't particlarly good here, but ATR did drop quite low before the breakout.. Price relative isn't particularly strong, but it isn't weak, wither. On balance, a mediocre stock that is leading a mediocre group. I will be looking for better opportunities.

0 comments:

Google Analytics