Buyers run into strong resistance as sellers apply the pressure

New Sell Entry Alert CWN

Time Frame : Daily/Weekly

Sector : Consumer Services/Resorts and Casinos

Key Stats : $9.29 Billion Market Cap, VWAP 13.504, ASX Ranking 51, 4 Week Av Turnover $17,332,758, PE Ratio 5.3, Div Yield 4.40%.

Company Overview : Crown Resorts Limited (CWN) is an Australian company engaged in gaming and entertainment business. CWN has businesses and investments in the integrated resort and entertainment sectors in Australia and Macau and wholly-owns and operates a high-end casino in the United Kingdom.


CWN – Crown Resorts Limited

CWN is showing weakness as buyers struggle to push price higher. We are happy to sell on a push down through 13.20 and will hold the stop loss at 13.85. If price pushes up through 13.85 prior to entry, we will re-assess the alert.


Stock Code : CWN – Crown Resorts Limited

Company Website :

Current Price : 13.44

New Sell Entry (Trigger Level) : 13.20

Potential Buy Exit Zone (Stop Loss) : 13.85

Status : On watch for Sell entry trigger