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Bearish Moving Average Cross by Las Vegas Sands (LVS)

By Shiri Gupta

Las Vegas Sands (NYSE:LVS) crossed under its 10-day moving average of $46.79 on a volume of 1.3 million shares. Swing traders may find 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 $34.88 and a high of $57.77 and are now at $46.04, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Las Vegas Sands on April 6th, 2016 by issuing a Downtrend alert when the shares were trading at $49.28. Since that call, shares of Las Vegas Sands have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Las Vegas Sands

Ticker(s): LVS