This rally is not without its drawbacks, leaving WYNN with a 14-day RSI of 73.24, placing the stock in a potentially overbought position.

FORBES: In It To WYNN It Ahead Of Earnings

Constricting bollinger bands indicate the potential for an increase in volatility that could trigger a breakout, and the proximity to the upper band suggests an overbought position.

FORBES: Zale's Longs Are No Fans Of Record Gold Prices

The stock used the 20-day exponential moving average (EMA) as support on August 16 and 19, but is threatening to close beneath the EMA, and down trending stochastics near 70 indicate an overbought position.

FORBES: Pizza Chains Melting Down

However, the bank said the significant year-on-year growth in total open interest and the record long position held by the money-managers suggest that the market is overbought and vulnerable to a price break and long liquidation.

FORBES: Speculators Pile Into Gold Futures, Options -- CFTC