Wynn Resorts Ltd

WYNN remains in Stage 4 decline under a downtrending regime, trading below all major EMAs. Medium-term structure permits only sell-side engagement per Stage 4, and short-term timing is favorable for bearish execution on rejections at the declining EMAs. Sell now into rallies toward the 9/21 EMA cluster and prior support-turned-resistance zones.

• ↑Q1 EBITDA +5% to $235M driven by casino revenue growth.
• ↑Casino revenue +9% YoY; RevPAR +10% YoY shows pricing power.
• ↓Elevated debt levels raise refinancing risks in a slowdown.