Wynn Resorts is a developer and operator of high end hotels and casinos. The stock is still in an uptrend and is going toward new highest levels.

On a fundamental viewpoint, the company sales are expected to increase by more than 7% for 2014 and its net margin should come to 13.5% from 13% on the previous year. Moreover, EPS for the last 12 months have been constantly revised upward for 2014 and 2015 (+19% for both years). In addition, “Surperformance” rating for Wynn is encouraging for trading strategies.

Besides, a recent breakout of the pivot point gave a clue of the bull run. Foremost, the break through the trend line should accelerate the positive direction towards the target at USD 256. Furthermore, the orientation exposed by daily and weekly moving averages should help on this process.

Thus, active investors could take a long position on the equity in the case of a break of the trend line (USD 239) in order to look for the target at USD 256. The stop loss on this strategy will be placed below the pivot point.