Las Vegas Sands Set to Possibly Pullback After Yesterday's Rally of 1.17%
Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $46.68 to a high of $47.47. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $46.94 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Las Vegas Sands have traded between a low of $34.88 and a high of $57.77 and are now at $47.41, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Las Vegas Sands on April 6th, 2016 by issuing a Downtrend alert when the shares were trading at $49.28. Since that call, shares of Las Vegas Sands have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Las Vegas Sands