Wynn Resorts Higher Despite Market Rout

Wynn Resorts, Limited (NASDAQ: WYNN) are trading higher by $7.08 at $58.58 in Friday's session. The Street is somewhat relieved by the preliminary Q4 results released earlier in the day.

Following a higher open, the issue retreated and found support ahead of Thursday's close ($51.50), only reaching $52.50 before resuming its move higher.

The ensuing rally found resistance in from of Tuesday's high ($58.62), stalling at $58.04.

It should be noted: In Thursday's session, the issue exceeded its August 24 Flash Crash low ($50.96), reaching $49.95 before staging a rebound.

Related Link: Wynn Numbers "Better Than Feared," Bode Well For MGM