There are many different strategies to stock picking, and one I have become especially fond of in the current environment is momentum investing. That means we’re looking at those names that take off and seemingly never look back, as each uptick attracts more buyers.

Momentum stocks are typically high-Beta (which means they’re significantly more volatile than the overall market), have larger than average short positions (but not major short bets) and are valued for their outsized top-line growth rather than earnings. Key characteristics include breaking out to new 52-week and/or all-time highs as well as high traditional valuation metrics.

One momentum name I’m keeping a particularly close eye on right now is Wynn Resorts (WYNN). This is probably a name you’ve heard of, as it is in the luxury hotel and casino business with properties in Las Vegas and Macau. The latter is the only place in China where gambling is legal, and it has become the world’s largest gambling center.

Wynn has been fractured big time in recent years due to a combination of a recession, then a government crackdown and crushed gaming receipts in Macau. But things are starting to come together again — and when it comes to Steven Wynn, you knew it was only a matter of time.

Macau’s gambling revenue starting turning around in the second half of last year and has been on a roll, with August marking the 13th straight month of gains. It’s worth noting that this coincides perfectly with the opening of Wynn Palace in August 2016.

I also like that the company is anticipated to grow nicely in the coming months and years. Earnings are expected to more than double in the current third quarter, and increase 45% for the full year and another 25% next year. The revenue trends are similar, with Wall Street looking for 36% growth in the third quarter and 35% growth for the full year. Estimates have come up in the last couple of months, which is always something I like to see.

WYNN is up nearly 65% so far this year and trading above all major moving averages. It’s broken a 52-week high, and if it can clear the hurdle around $150 the chart suggests a rally to retest $250 over time.