Wynn Resorts (NASDAQ:WYNN) is a chart setup that keeps on giving.
Today's thrust represents a breakaway up-gap initiation of a new up-leg that points next to 138.30/60 and then toward a challenge of the upper boundary line of WYNN's 16-month bullish channel, which cuts across the price axis in the vicinity of 141.70.
Notice that WYNN hit its first upside projection off of its March breakout above 105 at its April high of 127.20 and then remained range bound between 127.50 and 120.50 until today’s thrust to new highs. Last is 134.24/25.