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Las Vegas Sands Falls 1.53% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $58.34 to a high of $58.44. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $59.03 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Las Vegas Sands share prices have moved between a 52-week high of $81.45 and a 52-week low of $47.39 and are now trading 23% above that low price at $58.43 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

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 $54.42. Since that recommendation, shares of Las Vegas Sands have risen 9.0%. We continue to monitor LVS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS