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

By James Quinn

Las Vegas Sands (NYSE:LVS) shares have crossed bullishly above their 10-day moving average of $59.81 on a volume of 482K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Las Vegas Sands has traded in a range of $47.39 to $81.45 and is now at $60.24, 27% above that low. The 200-day and 50-day moving averages have moved 0.63% lower and 1.12% 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 9.2%. 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