Las Vegas Sands Crosses Below its 10-day MA (LVS)
Today, shares of Las Vegas Sands (NYSE:LVS) have crossed bearishly below their 10-day moving average of $51.94 on a volume of 1.3 million shares. Swing traders may find an opportunity 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 48% above that low price at $51.49 per share. 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 10.7%. 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