Casino breakouts
July 29th, 2010
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Casino stocks like WYNN and LVS have formed solid bases and are looking to breakout. The earnings have been recently in these stocks. Following is the chart of WYNN . Once this base building is complete it might surge 20-30%, just like it did during the March-April 2010. TRW has also similar chart and is looking great.
RBCN is lookingto bounce back from it’s 50 day(around $30) and this might be a great place to add/open new position. MELI is giving us another opportunity right here too. We bought some MELI today around $61.8.