Wynn Resorts May Be on a Roll After Stock's Golden Cross: ChartBy
Wynn Resorts Ltd. has been lucky of late. At the start of April, the casino operator’s average share price for the past 50 days climbed above its 200-day moving average, forming a pattern known as a golden cross in reversal of the death cross established in August 2014. Steve Wynn’s namesake company was the leading mover in the S&P 500 Index Monday, climbing as much as 7 percent after Macau’s gaming authority reported a smaller year-over-year decline in gross gambling revenue than expected for the month of April.
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