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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:14 EDTWYNN, WYNMFMacau graft agency investigates Wynn land agreement, Reuters says
Macau's corruption agency said it is looking into a land agreement having to do with CEO of Wynn Resorts (WYNN) Steve Wynn's upcoming $4B casino, according to Reuters, citing a comment in an email from the anti-graft agency. The agency decided to investigate the agreement and asked the Macau government to provide more facts on how a little-known company secured the rights to land before it was granted to Wynn. The land is now part of Macau's Cotai Strip, where Wynn's Wynn Macau (WYNMF) is poised to open its second casino resort in 2016. Reference Link
News For WYNN;WYNMF From The Last 14 Days
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July 28, 2014
13:12 EDTWYNNWynn Resorts technical comments before results
In the past three months shares have performed in line with broader averages. The trading range has been well-defined with it largely contained between a low at $200 and a high at $220. At the current price of $210.09, the stock is in the middle of that range. The trading range bounds will be important presuming that there is sufficiently strong news, positive or negative, to move through them. It is possible that more or less neutral results and guidance will keep the current range intact. If news is better than expected, a move above $220 could be expected. Resistance above is at $227.46 and $229.65. On weaker results and guidance, a move below $200 could be expected. Such a move would call the long-term uptrend into question and would be bearish for future price. Support below $200 would be at $193.64 and then at $191.83.
July 25, 2014
09:32 EDTWYNNNevada reports June statewide gaming win up 14.4% to $906.9M
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July 24, 2014
10:43 EDTWYNNWynn Resorts August weekly volatility increases into Q2 and Macau outlook
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