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Las Vegas Sands Crosses Above its 10-day MA (LVS)

By Nick Russo

Las Vegas Sands (NYSE:LVS) shares have crossed bullishly above their 10-day moving average of $51.35 on a volume of 3.7 million 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 $53.00, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

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 6.7%. 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