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Bearish Moving Average Cross by Las Vegas Sands (LVS)

By Shiri Gupta

Today, shares of Las Vegas Sands (NYSE:LVS) have crossed bearishly below their 10-day moving average of $58.27 on a volume of 599K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Las Vegas Sands share prices have been bracketed by a low of $47.39 and a high of $81.45 and are now at $58.06, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Las Vegas Sands and will alert subscribers who have LVS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Las Vegas Sands

Ticker(s): LVS