Wynn Macau (OTCMKTS:WYNMY) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.63 and traded as high as $7.65. Wynn Macau shares last traded at $7.65, with a volume of 2,808 shares trading hands.

Wynn Macau Stock Up 1.3%

The company’s fifty day moving average price is $7.63 and its 200-day moving average price is $8.25.

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.