(Finance) – It drops on the market Wynn Resortswhich suffers with a decline of 6.03%.
The casino giant beat expectations with its third-quarter results. L’adjusted profit for the period stood at 99 cents per share against analysts’ expectations of 75 cents. The sales is equal to 1.67 billion, higher than the 1.59 billion revenues estimated by the consensus.
The weekly analysis of the stock compared toS&P-500 shows a lag behind the index in terms of the relative strength of the company that manages an important casino chainwhich performs worse than the reference market.
The medium-term panorama confirms the bullish trend of Wynn Resorts. However, the examination of the short-term curve highlights a slowdown in the positive phase at the test of the USD 87.11 resistance, with the most immediate support identified in the 82.45 area. On the horizon, a negative evolution is expected in the short term towards the bottom identified at 79.72.