• Return to Headlines

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

By Shiri Gupta

Today, shares of Las Vegas Sands (NYSE:LVS) have fallen below their 10-day MA of $57.05 on a volume of 506K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Las Vegas Sands has traded in a range of $55.05 to $81.45 and is now at $56.76, 3% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 1.16% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Las Vegas Sands on June 26th, 2018 by issuing a Downtrend alert when the shares were trading at $76.60. Since that call, shares of Las Vegas Sands have fallen 25.1%. 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