CANSLIM.net Company Profile:  Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates: Wynn Las Vegas, on the Strip in Las Vegas, Nevada, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). During the year ended December 31, 2006, the Company was constructing Encore at Wynn Las Vegas (Encore) and it continues to develop and construct the second phase of Wynn Macau. Wynn Las Vegas offers 2,716 rooms and suites, including 36 fairway villas and six private-entry villas for its premium guests. As of September 6, 2006, Wynn Macau featured approximately 600 hotel rooms and suites, approximately 220 table games and approximately 380 slot machines in approximately 100,000 square feet of casino gaming space, seven restaurants, approximately 26,000 square feet of retail space, a spa and salon, entertainment lounges and meeting facilities.  Insiders own a huge 50% chunk of its shares, which provides great motivation to protect and build shareholder value.  Its has a small enough supply of shares in its float to be a volatile stock, and the institutional crowd seems to be in accumulation mode as from Sept '06 to Jun '07 the numer of top rated funds owning an interest rose from 155 to 173, helping satisfy the "I" criteria.  WYNN has reported explosive quarterly sales revenues and earnings gains in the past three quarters and its annual history sice turning profitable in 2004 has also been impressive. The number of top-rated mutual funds owning this company's shares rose from 155 in Sep- '06 to 173 in Jun '07, which is encouraging news concerning the "I" criteria. Las Vegas Sands Corp (LVS), M G M Mirage (MGM), and Penn Natl Gaming Inc (PENN) are strong stocks in this group that help satisfy the "L" even as the Leisure- Gaming group is currently ranked 86th out of the 197 groups covered in the paper, placing it just outside of the much preferred top quartile.  History has shown that gaming stocks often tend to outperform when economic growth wanes, which also helps cast this stock in a favorable light. 

What to Look For and What to Look Out For: Any negative reversal or a breach of its August 16th lows would prompt concerns that its strength is deteriorating.  Its 50-day and 200-day moving average (DMA) lines are considerably below its current trading level, offering no nearby support. Always limit losses per the 7-8% sell rule, and never hold a stock if it falls more than that much from your purchase price. Remember the "M" criteria calls for being sure the major averages first produce a proper follow-through day before initiating any new positions. Avoid chasing the stock and look for WYNN to consolidate in the days ahead, perhaps offering investors a chance to accumulate shares within proper guidelines.    

Technical Analysis: On August 7, 2007 WYNN experienced a "break-away" gap after reporting strong second quarter financial results. In the weeks that followed, WYNN pulled back and found support above its old chart highs as the major averages slid. It closed the latest session at a new all-time high close with a considerable gain on just above average volume, but extended beyond the "max buy" price identified above. One might consider that WYNN's chart also shows a large double bottom or "W" pattern, where the pivot point would be 5-6 points lower.  Therefore, it could be argued the latest pullback found healthy support near a key chart level.