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Bullish Moving Average Cross by Las Vegas Sands (LVS)

By James Quinn

Today, shares of Las Vegas Sands (NYSE:LVS) have crossed bullishly above their 10-day moving average of $59.71 on a volume of 250K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Las Vegas Sands share prices have moved between a 52-week high of $81.45 and a 52-week low of $47.39 and are now trading 27% above that low price at $60.04 per share. The 200-day and 50-day moving averages have moved 0.46% lower and 0.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Las Vegas Sands on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.43. Since that recommendation, shares of Las Vegas Sands have risen 8.9%. We continue to monitor LVS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Las Vegas Sands

Ticker(s): LVS