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Las Vegas Sands Rises 1.68% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $67.35 to a high of $67.65. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $67.14 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 43% above that low price at $67.65 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Las Vegas Sands and will alert subscribers who have LVS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS