Tuesday, October 16, 2012

Place your bets...LVS & WYNN


LVS and WYNN are both poised to run here...especially after the strong performance of the broad market yesterday and this morning pre-opening. Yesterday WYNN closed over its high close of $115.69 from 9/19 and should soon push to $120+ while LVS has been acting well the past few days as the 50day sma is crossing over the 100day sma as the stock sits on the $45 pivot. A high volume push over sets up the stock for an extension back towards $48.

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