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Las Vegas Sands Bearish Moving Average Crossover Alert (LVS)

By David Diaz

Las Vegas Sands (NYSE:LVS) shares have crossed bearishly below their 10-day moving average of $58.54 on a volume of 810K 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, shares of Las Vegas Sands have traded between a low of $34.88 and a high of $60.00 and are now at $57.30, which is 64% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 0.21% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Las Vegas Sands on July 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.08. Since that recommendation, shares of Las Vegas Sands have risen 24.8%. 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