Wynn Macau (OTCMKTS:WYNMY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.70 and traded as high as $7.9280. Wynn Macau shares last traded at $7.65, with a volume of 9,467 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Wynn Macau Stock Down 0.8%

The business has a 50 day moving average price of $7.70 and a 200 day moving average price of $8.28.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.