Wynn Macau (OTCMKTS:WYNMF) Shares Pass Above 200 Day Moving Average – Here’s Why

Wynn Macau, Limited (OTCMKTS:WYNMFGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.71 and traded as high as $0.7411. Wynn Macau shares last traded at $0.7411, with a volume of 8,000 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on WYNMF. CLSA upgraded Wynn Macau to an “outperform” rating in a research note on Friday, July 10th. The Goldman Sachs Group upgraded shares of Wynn Macau to a “buy” rating in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Read Our Latest Stock Analysis on Wynn Macau

Wynn Macau Stock Up 1.0%

The firm’s 50 day simple moving average is $0.69 and its 200 day simple moving average is $0.71.

About Wynn Macau

(Get Free Report)

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.

Further Reading

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