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Las Vegas Sands Falls 2.78% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $61.64 to a high of $63.81. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $61.74 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Las Vegas Sands has traded in a range of $47.39 to $81.45 and is now at $61.64, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Las Vegas Sands. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Las Vegas Sands in search of a potential trend change.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS