Wynn Macau (OTCMKTS:WYNMY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

Separately, Citigroup raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Wynn Macau currently has an average rating of “Moderate Buy”.

Wynn Macau Price Performance

The stock’s 50-day moving average is $7.70 and its 200 day moving average is $8.28.

Wynn Macau Company Profile

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.