Wynn Macau (OTCMKTS:WYNMY) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Wynn Macau (OTCMKTS:WYNMY) shares moved above their 50-day moving average during Thursday’s trading, reaching as high as $7.47 versus the $7.15 average.
• The stock was last seen at $7.47, up about 4.5%, with relatively light volume of 432 shares.
• Wynn Macau is a Macau-based luxury resort operator and subsidiary of Wynn Resorts, focused on gaming, hospitality, and entertainment at its Wynn Macau and Wynn Palace properties.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.15 and traded as high as $7.47. Wynn Macau shares last traded at $7.47, with a volume of 432 shares trading hands.

Wynn Macau Stock Up 4.5%

The company's 50 day simple moving average is $7.15 and its 200 day simple moving average is $7.67.

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.

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