Markets shook off Monday’s weak session, and rallied on Tuesday, recouping
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June 16th, 2015 Watch List
A $WYNN Quickie
Amid this historic bull market lies many parabolic moves. Stocks that are up 10-20 fold since the financial crisis. Wynn Resorts is such a stock. It was trading for $10.22 in March of 2009. Five years later the stock changed hands for over $240 share. The stock has since crumbled to a recent $102 a share price. Still a significant gain from $10 but more than 50% off its record highs. As I've noted numerous times via live audio in the chat room at optionmillionaires.com , Wynn will already be in rally mode well before the herd joins the recovery.
Looking at a longer term perspective of the stock, it's more oversold than it was back in 2009 at $10. That turned out to be an incredible buying opportunity.