Wynn Resorts (WYNN) has shown signs of a potential breakout to the upside over the past few weeks and we think this is the week it finally happens. Concerns over the Avian Flu as well as rumored weakness in Macau have stunted the stocks upside, but seems those concerns are overblown. With Las Vegas Sands (LVS) set to report later this week, we think Wynn Resorts (WYNN) can finally start to shine.
We currently hold $135 calls and may add more in the next 48 hours.
