Takeaway: We are removing WYNN from the long side of Investing Ideas today.

A quick note from Hedgeye CEO Keith McCullough:

"We thought the stock would act a lot better than it has after they reported their recent quarter. With that, a new Bearish @Hedgeye TREND signal, and a blackhole of China risk still on the table, I’m going to stop us out of WYNN here as my signal says I can revisit it lower."

***No change to Gaming, Lodging & Leisure analyst Todd Jordan's fundamental long thesis on Wynn Resorts (WYNN).