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Las Vegas Sands Bullish Moving Average Crossover Alert (LVS)

By Nick Russo

Today, shares of Las Vegas Sands (NYSE:LVS) have advanced above their 10-day MA of $45.17 on a volume of 913K 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.

In the past 52 weeks, shares of Las Vegas Sands have traded between a low of $34.88 and a high of $57.77 and are now at $45.50, which is 30% 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 8.6%. 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