Wynn Resorts is back on its support area, a discounted entry point from which investors might profit.

According to financial statements, the company usually upbeats earnings estimate. By the end of 2014 first quarter, it registered a total net income of USD 227 million (USD 2.22 per share) while forecasts were at USD 208 million (USD 2.06 per share). Moreover, operation in 2013 grew by more than 9% in Macau Island where the company holds most of its business activities and by almost 6% in the United States.

The USD 197 support area tied to the ascending trendline offers a discounted entry level for buyers interested in the casino resorts operator. Weekly moving averages still are showing rising movements. In addition, timing seems suitable for opening long positions on this company as outlooks for the short and medium term are over average levels. For this reason, 4-traders analysts are optimistic and count on a return close to the short term resistance.

Investors may go long above the USD 197.21 area, seeking to aim the resistance at USD 218. In case of breakdown of the trendline by the closing bell, stop-loss orders should be considered at USD 191.5.