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

By Nick Russo

Today, shares of Las Vegas Sands (NYSE:LVS) have crossed bearishly below their 10-day moving average of $46.75 on a volume of 677K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Las Vegas Sands share prices have moved between a 52-week high of $57.77 and a 52-week low of $34.88 and are now trading 33% above that low price at $46.32 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.

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 4.1%. 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