Thursday, July 23, 2009

Late-Day Volume Alert: Wynn Resorts (WYNN)

Wynn Resorts Ltd. (WYNN) got a bit of a pop here in volume over the last 15 minutes.  We have seen almost a million shares in that time trade and as of 2:45 PM EST there was over 5.5 million shares listed as the volume of the day.  When you consider its average volume is 3.8 million, that is an intra-day volume alert.  The stock is now up 7.5% at $45.43 now.  The culprit for the advise is a tout by Jim Cramer on STOP TRADING on CNBC.  He said he hates to say it, but with the new Macau IPO it filed for that this should probably be a $70 stock rather than one its $40’s….. The 52-week range is $14.50 to $119.74. -JON C. OGG


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