Wynn Resorts Ltd (NASDAQ:WYNN) is up 1.9% to $109.46, approaching its Q4 earnings report on Feb. 12. Shares are up 32.2% in the past nine months but have been declining since a Dec. high of $134.72. A bullish trendline is supporting the stock ahead of earnings.

WYNN is nearing its 12-month moving average, a signal that historically leads to a 70% chance of being higher one month later, with an average 4.2% gain. Three months later, the stock sees a 9.2% pop with a 60% win rate, according to Schaeffer’s Senior Quantitative Analyst.

Earning history for WYNN is mixed, with the stock finishing higher post-earnings 50% of the time. Options traders are pricing in a 10.2% move for this report, higher than the 4.2% average swing over the last two years. Short sellers exiting could result in a short squeeze and a higher surge for the stock.

WYNN also has a Schaeffer’s Volatility Scorecard (SVS) of 73 out of 100, indicating consistently higher volatility than its options have priced in. Short interest is down 20.2% but still makes up 5.8% of WYNN’s float, potentially leading to further gains if short sellers continue to cover.

Read more at Yahoo Finance: Wynn Resorts Stock Flashing Bull Signal Ahead of Earnings